Question: Question 2 0 Which is TRUE about financial statements: Horizontal analysis is used to determine how much of a company's net sales is being consumed

Question 20
Which is TRUE about financial statements:
Horizontal analysis is used to determine how much of a company's net sales is being consumed by
each entry on the income statement
Vertical analysis is a determination of the percentage increase or decrease of an account from a base
period to successive time periods.
Vertical analysis is used to determine how much of a company's net sales is being consumed by each
entry on the income statement
Vertical and Horizontal analysis are never performed to help build pro-forma financial statements
Question 20 Which is TRUE about financial statements: Horizontal analysis is

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