Ratio analysis is least likely to indicate:

		past performance.
		future performance.
		the effects of inflation.
		trends in a company's performance

Bingham Inc. is a retailer with annual sales of less than $10 million. At the end of 2009, ratio analysis is performed on Bingham's financial statements by various stakeholders. Bingham's 2009 ratios are not likely to be compared to:

		Bingham's 2008 ratios.
		Bingham's 2009 budgeted ratios.
		Other retailers with annual sales of less than $10 million.
		A manufacturer with annual sales of less than $10 million

Comparing financial statements of different companies and financial statements of the same company across time after controlling for differences in size is called:

		liquidity analysis.
		vertical analysis.
		price-earnings analysis.
		horizontal analysis.