Please answer the below True or False questions:

1) It is generally considered more useful to know the absolute dollar amount of change in financial statement amounts from year to year than to know the percentage change.

	True
	False

2) When performing vertical analysis on a balance sheet, the current liabilities are compared typically to total liabilities.

	True
	False

3) The analysis of trend percentages is a form of vertical analysis.

	True
	False

4) When performing vertical analysis on a balance sheet, cash is compared to the total assets.

	True
	False

5) Inventory turnover measures the number of times a company sells its average inventory level during a year.

	True
	False