8. Competitors standards. C. Guidelines (rules of thumb) D. All of the choices are standards for comparisons 13. Three of the most common tools of financial analysis are: A. Financial reporting ratio analysis, vertical analysis. B. Ratio analysis, horizontal analysis, financial reporting. C. Horizontal analysis, vertical analysis, ratio analysis D. Trend analysis, financial reporting ratio analysis 14. X Company's sales in 2019 were $120,000. Sales in 2020 were $132,000 and sales in 2021 were $147,600. Using 2019 as the base year, the trend percentage for 2021 is: Show your worki A. 81.3% B. 100.096 C. 123.0% D. 147.6% E. 12.3% F. 100.096 G. 110.0% H. 111.8% 1. None of the above the answer is 15. Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The current assets consisted of $62,000 Cash; $43,000 Accounts Receivable; and $88,000 of Inventory. The acid-test (quick) ratio is: Show your work A. 1.4:1. B. 0.77:1. C. 0.54:1. D. 1:1. E. 0.64:1. F. None of the above, the answer is 16. Common-size statements: A. Reveal changes in the relative importance of each financial statement item to a base amount. B. Do not emphasize the relative importance of each item. C. Compare financial statements over time. D. Show the dollar amount of change for financial statement items. E. Reveal patterns in data across successive periods. F. Is also known as vertical analysis. G.Two answers are correct, the correct answers are and H. None of the above