1) What is the difference between comparative financial statements and common-size comparative statements? What are the steps in the preparation of each of these statements?

2) What ratios assist in determining a companys liquidity, solvency and profitability? As a potential investor, which ratios would you select to review the company and why?

3) Describe the standards for comparison in analysis and how they can assist stakeholders in the decision making process.

thanks :)