One of the most important applications of ratio analysis is to compare a company's performance with that of other pleyers in the industry or to compare its own performance over a period of time. Such analyses are feferred to as a comparative anainab and trend analysis, respectively. A common size andiysis requires the representation of finanoal statement data relative to a single financial stotement itera (or base account or value), What is the most commonly uced base item for a coenenen saze balance sheet? Net income Wet saies Total assets Earnings before interest and taxes Suppose you are conducting an analysis of the financial performance of Cute Camel Weoderaft company over the past three yenai: The company did not issue new shares during these thete years and has laced some operational dieficult es. The cempany has thue puot tested some based on the information avalable, and calpulated the following ratios. Based on the preceding information, your calculations, asd your assumptions, which of the fodowing statements can be inolvded in vour analysis report? Check all that apply. A dedine in the debt-to-equ ty ratio implies a decine in the creditworthiness of the form. A plausible resson why Cute Camel wooderaft Company's price to-cash flow ratio has decressed is that investorn eupect lower cash floin per share in the future. A decline in the inventory tumover ras can be euplained by the new inventen mabagemeet sistem that the company receotir adopted. which led to more efficient inventory manojement. arders placed to venders