Question: 7. Horizontal analysis involves the study of: (a) the changes in individual financial statement amounts as a percentage of some related total (b) percentage changes

7. Horizontal analysis involves the study of: (a) the changes in individual financial statement amounts as a percentage of some related total (b) percentage changes in various financial statement amounts from year to year (c) the change in key financial statement ratios over a certain time frame or horizon (d) the relationship of one financial statement amount to another in the same year

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