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1. Definitions. Define the key terms in the list above. 2. Horizontal and vertical analyses. Compare horizontal and vertical analyses, including trend analysis. How are
1. Definitions. Define the key terms in the list above. 2. Horizontal and vertical analyses. Compare horizontal and vertical analyses, including trend analysis. How are they used? 3. Vertical analysis. Explain common-sized analysis. 4. Ratio analysis. What is the purpose of ratio analysis? What are the four benchmark cat- egories of ratios? 5. Medians. Why is it that an industry median may not be an appropriate benchmark with which a particular organization wants to compare itself
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