Explanation:

- Financial analysis is valued for its ability to measure aspects like profitability and solvency, which are crucial to understanding a business’s financial health.

- It also allows for comparative studies, enhancing strategic decision-making.

- However, it does have its shortcomings, particularly its focus on numbers and figures.

- The limitation of financial analysis primarily stems from its "Lack of Qualitative Analysis," which means it doesn't account for non-quantifiable factors like employee morale or brand reputation.

Option:3, Lacks Qualitative Analysis is correct.

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