Question 1 1 pts Horizontal analysis compares beginning and ending balances within the same accounts for the same company for a stated year. compares beginning and ending balances within the same accounts between two companies for a stated year. compares only ending balances within the same accounts for the same company for a stated year compares only ending balances within the same accounts between two companies for a stated year Question 2 1 pts Vertical analysis of a balance sheet uses net sales as the 100% "base" and compares amounts to it. uses total assets as the 100% "base" and compares amounts to it. uses total stockholders' equity as the 100% "base" and compares amounts to it. cannot be done- only the income statement can be vertically analyzed Question 3 1 pts The working capital of a corporation is calculated by subtracting current liabilities from current assets. The resulting number determines whether fixed assets may be depreciated for the current year. is expressed as a fraction (or a ratio) is a measurement of the company's solvency. is a measure of the company's profitability