Which one of the following is false? Price-to-cash-flow valuation approach is less affected by accounting...

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Finance

Which one of the following is false?

Price-to-cash-flow valuation approach is less affected by accounting decisions than price to earnings ratio.

None of the above

Price-to-sales is a good approach to valuate firms that do not have positive earnings.

Price-to-book ratio indicates how aggressively the market values a firm

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