In horizontal analysis, each item is expressed as a percentage of the: (a) net income amount. (b)

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In horizontal analysis, each item is expressed as a percentage of the:

(a) net income amount.

(b) stockholders' equity amount.

(c) total assets amount.

(d) base-year amount.

AppendixLO1

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471691952

3rd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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