Horizontal analysis Required Use the financial statements for Addison Company from Problem 13-22B to perform a horizontal

Question:

Horizontal analysis

Required

Use the financial statements for Addison Company from Problem 13-22B to perform a horizontal analysis of both the balance sheet and income statement for 2012 and 2011.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...