(TCO 1) Horizontal analysis is most closely related to
trend analysis.
economic value added analysis.
vertical analysis.
benchmarking.
Question 2
(TCO 1) Horizontal analysis is performed on
only the income statement.
only the balance sheet.
only the statement of retained earnings
the income statement, the balance sheet, and the statement of retained earnings.
Question 3
(TCO 1) A vertical analysis is primarily concerned with
the dollar amount of the change in various financial statement amounts from year to year.
individual financial statement items expressed as a percentage of a base (which represents
100%).
percentage changes in the balances shown in comparative financial statements.
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