1. Explain what items a stockholder reading a financial statement might be interested in that are different from the manager of the enterprise.

2. What is comparative horizontal balance sheet analysis?

3. Discuss absolute and relative changes with reference to comparative horizontal financial statement analysis.

4. Why are differences between two comparative horizontal statements frequently better shown in percentages rather than only in dollars?

6. How is average sales revenue per guest calculated?

10. What is the equation for converting past historic period dollars to current period dollars?