Question 51

Which of the following statements is not correct?

	a.	Horizontal Analysis is of no value since it only compares two years
	b.	Horizontal Analysis makes it possible to ask questions about all aspects of the operations of the company
	c.	Managers can use horizontal analysis to make planning decisions
	d.	Comparisons between only two years could be misleading and might not be adequate to indicate long term trends.

Question 69

Financial Statements that express only percentages are known as_____________________.

	a.	Profitability Statements
	b.	Horizontal Analysis
	c.	Uncommon Size Statements
	d.	Common Size Statements