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Select all that are true regarding financial statement trends: Question options: Trends can NOT be compared to other firms. The sales trend drives the trend

Select all that are true regarding financial statement trends:

Question options:

Trends can NOT be compared to other firms.

The sales trend drives the trend in assets.

Trends show growth or decay of parts of the firm.

Trends can be used to see anomalies in the firm over time.

Downward trends always lower profit.

Increasing trends in assets causes an increase in financing (debt & equity).

The sales trend drives the trend in expenses.

Trends will persist into the future.

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