_______ state several years' financial data in terms of a base year. For example, sales for every year would be stated as a percentage of the sales in the base year. Assuming that a company has a current ratio greater than 1.0, repaying a short-term note payable will _______ the current ratio. When computing the _______ ratio, prepaid expenses are ignored. _______ equals current assets, plus noncurrent liabilities and stockholders' equity, less total assets. The data contained in financial statements represent a/an _______ summary of a company's operations and activities. The _______ financial statement shows the items appearing on it in percentage form as well as in dollar form. Respond to the following based on your reading. 7. Distinguish between the horizontal and vertical analysis of financial statement data. 8. What's the basic purpose of examining trends in a company's financial ratios and other data? 9. Would you expect a company in a rapidly growing technological industry to have a high or low dividend payout ratio? 10. What's meant by the dividend yield on a common stock investment? 11. What's meant by the term financial leverage