What is trend analysis and how does it supplement the basic financial ratio calculations and their interpretation? Choose all the answers that apply.

It is useful to lenders and investors who are interested in determining the risk of losing the money that they are lending or investing in a company.

Trend analysis provides context to an opinion about the financial health of a company. A single point in time is much less useful than a series of points tracking a given indicator.

It detects the direction of key financial information; it is a time$-$based analysis usually visualized horizontally.

It simplifies the interpretation of financial information. The name comes because the line items in the financial statements usually are read from top to bottom.