Quiz 23: Financial Statement Analyses
In vertical analysis,it is customary to express each item on the balance sheet as a percentage of total liabilities.
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When horizontal analysis is performed,no percentage change is computed for a given item if there is no balance for that item in the base year.
In vertical analysis,it is customary to express each item on the balance sheet as a percentage of either total assets or total liabilities and stockholders' equity.
Comparison of amounts and percentages for only two years is adequate to indicate long-term trends.
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