22. Horizontal analysis is a technique for evaluating financial statement data a. for one period of time. b. over a period of time. c. on a certain date. d. as it may appear in the future. 16. An analysis in which all the components of an income statement are expressed as a percentage of net sales is called a. vertical analysis b. horizontal analysis c. liquidity analysis d. common-size analysis 3. The statement of cash flows reports a. cash flows from operating activities b. total assets c. total changes in stockholders' equity d. changes in retained earnings