Which statement is true regarding gross revenue and financial ratios?

The statement that financial ratios can be misleading without context is accurate because financial ratios provide insights into a company's performance but must be interpreted alongside other information for a complete understanding. Ratios alone do not capture the unique circumstances of a business, such as industry standards, market conditions, and historical performance. Context is vital; for instance, a high debt-to-equity ratio might indicate a risk level that is acceptable in one industry but a red flag in another. Therefore, without context, users of financial ratios could draw incorrect conclusions about a company's health or operational efficiency.

In contrast, the other statements either incorrectly diminish the role of gross revenue and financial ratios or make generalized assumptions that do not accurately reflect financial analysis. Recognizing the importance of context enriches the analysis and enables better decision-making in finance.