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Name the three main ways to analyze financial statements: Whatis the purpose of the horizontal analysis? Gross profit is $100,000 for 2019 and $120,000 for
- Name the three main ways to analyze financial statements:
- Whatis the purpose of the horizontal analysis?
- Gross profit is $100,000 for 2019 and $120,000 for 2020.What is the amount and percentage of increase or decrease in gross profit?
- What is the purpose of the vertical analysis?
- Net Sales Revenue is $100,000 and gross profit is $40,000 for 2020.What is the percentage of gross profit to net sales revenue?
- What information can the current ratio provide?What is the formula used to calculate current ratio?
- What information can the acid-test ratio provide?What is the formula used to calculate acid-test ratio?
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Financial And Managerial Accounting
Authors: Charles T Horngren, Jr Walter T Harrison
2nd Edition
0135080193, 9780135080191
