1. Definitions. Define the key terms in the list above. 2. Horizontal and vertical analyses. Compare horizontal and vertical analyses, including trend analysis. How are they used? 3. Vertical analysis. Explain common-sized analysis. 4. Ratio analysis. What is the purpose of ratio analysis? What are the four benchmark cat- egories of ratios? 5. Medians. Why is it that an industry median may not be an appropriate benchmark with which a particular organization wants to compare itself