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1. Which of the following statements about vertical analysis is correct:
2. a.it determines the profitability of the entity
3. b.it compares numbers reported on a financial statement to another number on the same statement
4. c.it requires a minimum of 3 years of data to provide meaningful analysis
5. d.it compares ratios from different financial statements
6. e.it compares numbers reported on the financial statements in the current period with those from the previous period