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Explain what horizontal analysis is and why it is useful in the analysis process. Compare the horizontal analyses for the income statements of the two

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Explain what horizontal analysis is and why it is useful in the analysis process. Compare the horizontal analyses for the income statements of the two companies that I have prepared in the Excel Horizontal Analysis attachment. Analyze each company over the last two years to identify two account changes that should be investigated for each company. Do not reference a computed figure on the income statement like Gross Margin, but a specific account. Why did you pick these items?

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