What are the limitations/problems from classifying performance using raw returns? and, What are the limitations of using Sharpe Ratio to classify fund performance?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter13: Capital Budgeting: Estimating Cash Flows And Analyzing Risk
Section: Chapter Questions
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Answered with short words. Please be specific: What are the limitations/problems from classifying performance using raw returns? and, What are the limitations of using Sharpe Ratio to classify fund performance?

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