TRUE OR FALSE STATEMENT 1. Horizontal analysis is a technique for evaluating a financial statement item in the current year with other items in the current year 2. Common size analysis expresses each item within a financial statement in terms of a percent of a base amount. 3. Vertical analysis is useful in making comparisons of companies of different sizes. 4. A solvency ratio measures the income or operating success of an enterprise for a given 5. Profitability ratios are frequently used as a basis for evaluating management's operating 6. Profitability ratios measure the ability of the enterprise to survive over a long period of period of time. effectiveness time