What is the difference between the direct and indirect methods of the statement of cash flows? Which method is more widely used? Why? Why is depreciation added to net inccome under the indirect approach? Which section of the statement of cash flows is the most important? Which year is used as the base for horizontal analysis? What is another name for vertical analysis? Does the list of ratios presented in this text represent a complete list that is used uniformly by financial analysts everywhere? Instead of calculating it yourself, where could you find EPS? (Please don't say "Google"!) Hint: It's already published on one of the financial statements. Why are there so many different techniques used in financial statement analysis? Are some techniques better than others? Which techniques do you think are more valuable