11-15 true or false

11. Analysis of financial statements is enhanced with the use of comparative data 12. Horizontal analysis is a technique for evaluating a financial statement item in the current year with other items in the current year If a company has sales of $110 in 2016 and $154 in 2017, the percentage increase in sales from 2016 to 2017 is 140%. 13. Common size analysis expresses each item within a financial statement in terms of a percent of a base amount 14. From a creditor's point of view, the higher the total debt to total assets ratio, the lower the risk that the company may be unable to pay its obligations 15