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In analyzing financial statements, horizontal
analysis is a
48. Horizontal analysis is also called
a. linear analysis.
b. vertical analysis.
c. trend analysis.
d. common size analysis.
49. Vertical analysis is also known as
a. perpendicular analysis.
b. common size analysis.
c. trend analysis.
d. straight-line analysis.
50. In ratio analysis, the ratios are never expressed as a
b. negative figure.
d. simple proportion.
51. The formula for
horizontal analysis of changes since the base period is the current
by the base year amount.
the base year amount divided by the base year amount.
the base year amount divided by the current year amount.
d. plus the base year amount
divided by the base year amount.
52. Horizontal analysis evaluates a series of
financial statement data over a period of time
a. that has been arranged from the highest
number to the lowest number.
b. that has been arranged from the lowest number
to the highest number.
c. to determine which items are in error.
d. to determine the amount and/or percentage
increase or decrease that has taken place.
53. Horizontal analysis evaluates financial
a. within a period of time.
b. over a period of time.
c. on a certain date.
d. as it may appear in the future.
54. Assume the following sales data for a
2011 is the base year, what is the percentage increase in sales from 2011 to
55. Comparative balance sheets are usually
a. one year.
b. two years.
c. three years.
d. four years.
56. Horizontal analysis is appropriately
a. only on the income statement.
b. only on the balance sheet.
c. only on the statement of retained earnings.
d. on all three of these statements.