Analysis of financial statements


Analysis of financial statements

1-What is the difference between horizontal and vertical analysis of financial statements? 2-What is the advantage of using comparative statements for financial analysis rather than statements for a single date or period? 3-The current year’s amount of net income (after income tax) is 25% larger than that of the preceding year. Does this indicate an improved operating performance? Discuss. 4-How would the current and quick ratios of a service business compare?

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