22. Industry standards for financial A. Are based on a company's prior performance B. Are set by the g C. Are set by the financial performance and eondition of the sompany's industry E Compare a company's income with the prior year's income 23. Three of the most common tools of financial analysis are: B. Ratio analysis based on rules of thumb ratio analysis, vertical analysis analysis, financial reporting analysis, vertical analysis, ratio analysis. E. Vertical 24. The comparison of a company's financial condition and performance across time is known A. Horizontal analysis. C. Political analysis. E. Investment analysis. 25. The measurement of key relations among financial statement items is known as B. Horizontal analysis analysis D. Ratio analysis. E. Risk analysis 26. The comparison of a company's financial condition and performance to a base amount is known as: B. Horizontal ratios C. Investment analysis D. Risk analysis. E. Vertical analysis. 27. A company's sales in Year I were $250,000 and in Year 2 were $287,500. Using Year 1 as the base year, the sales trend percent for Year 2 is: A. 87%. B, 100%. 115%. D. 15%. B. 13%. 2 27 ,90 150 905