When using an index number,one sets the most recent number in a series equal to 100.
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Q26: The quick ratio and the current ratio
Q27: For an index number,the base year is
Q28: Horizontal analysis will result in common-size statements.
Q29: Common-size statements are useful in assessing the
Q30: Companies file their quarterly reports with the
Q32: A primary purpose of vertical analysis is
Q33: Vertical analysis will reveal the percentage of
Q34: In a common-size income statement,net sales is
Q35: A 20 percent change in net sales
Q36: In horizontal analysis,the base year is the
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