1.Horizontal analysis involves the study of:

A.percentage and/or dollar amount changes in various financial statement amounts from year to year

B.the changes in individual financial statement amounts as a percentage of some related total

C.the change in key financial statement ratios over a certain time frame or horizon

D.percentage changes in comparative financial statements

2.A company reported $75,000 of income for 2015, $80,000 for 2016, and $90,000 for 2017. The percentage change in net income from 2015 to 2016 was:

A.6.7%

B.10.7%

C.5.9%

D.6.25%

3.When performing vertical analysis of an income statement, which of the following is usually used as the base?

A.gross sales

B.net income

C.gross margin

D.net sales