Acg3173 chapter 5 - Study guides, Class notes & Summaries

Statements in which all items are expressed only in relative terms (percentages of a base) are termed: a. Vertical Statements b. Horizontal Statements c. Funds Statements d. Common-Size Statements e. none of the answers are correct - CORRECT ANSWER d In financial statement analysis, ratios are: a. the only type of analysis where industry data are available b. absolute numbers converted to a common base c. fractions usually expressed in percent or times d. the only indication ...