One of the most important applications of ratio analysis is to compare a company's performance with that of other players in the industry or to compare its own performance over a comparative analysis and trend analysis, respectively. period of time. Such analyses are referred to as a The analysis that involves calculating the growth rates of all itens from the balance sheet and income statement relative to a base year is called a: O Common size income statement analysis O Cash flow change analysis O Percentage change analysis O Common size balance sheet analysis Suppose you are conducting an analysis of the financial performance of Fuzzy Button Clothing Company over the past three years. The company did not issue new shares during these three years, and has faced some operational difficulties. The company has thus pilot tested some new forecasting strategies for better operations management. You have collected the company's relevant financial data, made reasonable assumptions based on the information available, and calculated the following ratios. Ratios Calculated Year 1 Year 2 Year 3 Price to cash flow 1.20 1.56 1.75 Inventory turnover 2.40 2.88 3.23 Debt to equity 0.20 0.21 0.25 Based on the preceding information, your calculations, and your assumptions, which of the following statements can be included in your analysis report? Check all that apply. The company's creditworthiness has improved over these three years as evidenced by the increase in its debt-to-equity ratio over time. The market value of Fuzzy Button Clothing Company's common shares declined over the three years. Fuzzy Button Clothing Company's ability to meet its debt obligations has worsened since its debt-to-equity ratio increased from 0.20 to 0.25. An improvement in the inventory turnover ratio could likely be explained by the new sales-forecasting strategies that led to better inventory management