Question: Horizontal analysis is different from vertical analysis in that: There is no difference between horizontal and vertical analysis. Horizontal analysis calculates the percentage change in

Horizontal analysis is different from vertical analysis in that:
There is no difference between horizontal and vertical analysis.
Horizontal analysis calculates the percentage change in balance sheet and income
statement numbers from one period to the next, while vertical analysis converts
balances in a single period to percentages.
Horizontal analysis converts balances in a single period to percentages, while vertical
analysis calculates the percentage change in balance sheet and income statement
numbers from one period to the next.
Key ratios are compared from one period to the next.
Horizontal analysis is different from vertical analysis in that: There is

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