Following are selected nancial data for a recent ve year period
Following are selected financial data for a recent five-year period for Walters & Cruz, Inc. (Amounts are expressed in thousands except for per share data.)
Required:
(a) Prepare a trend analysis for each listed financial item of Walters & Cruz using Year 1 as the base year.
(b) How is trend analysis used by financial decision makers? What are the limitations of trend analysis?
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