Question 7 4 pts Horizontal analysis is used to determine the company's horizon measures the percentage difference in an account or group of accounts in the same company between the beginning and the end of an accounting period. uses net sales as a 100% base figure. is only used to compare companies of different sizes. allows an investor to form common sized income statements. Question 8 4 pts The current ratio is current assets divided by current liabilities. This ratio measures the number of times per year, on average, that total collection of amounts due from customers occurs. assesses the profitability of investments by stockholders. indicates the margin of safety to long-term creditors. indicates a company's ability to meet currently maturing obligations. None of the above answers is correct. Question 9 4 pts When using vertical analysis, net cost of goods sold is the 100% benchmark against which all other income statement amounts are compared net cost of goods sold is the 100% benchmark against which all other balance sheet amounts are compared net sales is the 100% benchmark against which all other income statement amounts are compared net sales is the 100% benchmark against which all other balance sheet amounts are compared horizontal analysis cannot be applied to the same company