Question
S 3 In Lab 8-2, Use XBRLAnalyst to Create Dynamic Common-Size Financial Statements, you created common-size ratios for various Fortune 100 companies. Common-size financial statements:
S 3 In Lab 8-2, Use XBRLAnalyst to Create Dynamic Common-Size Financial Statements, you created common-size ratios for various Fortune 100 companies. Common-size financial statements: Multiple Choice calculates the percentage change from the prior year and the current year for all financial statement items. displays all financial statement items as a percentage of total equity to facilitate comparison of between companies. displays all financial statement items as a percentage of total assets to facilitate comparison between companies. displays all financial statement items as a percentage of a common base figure rather than as absolute numerical figures. Novt In Lab 8-3, Use XBRL To Access and Analyze Financial Statement Ratios - The Use of DuPont Ratios, you used data to complete data analysis and generated financial ratios to compare the financial performance of several companies. Specifically, you did all of the following except: Multiple Choice Identified questions related to the income statement. Analyzed financial changes over a three-year period for a single company. Compared financial metrics across competing companies within one industry for a single period. Identified potential flaws or shortcomings in the data
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