Mei-ling and Curtis have comparative statements of financial position and income statements for Matcha & Coffee Creations.

Question:

Mei-ling and Curtis have comparative statements of financial position and income statements for Matcha & Coffee Creations. They have been told that they can use these financial statements to prepare horizontal and vertical analyses, to calculate financial ratios, to analyze how their business is doing, and to make some decisions they have been considering?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...