The figure 165% shown for in 2015 is that A) net income is equal to 16 times of the income before income 1) net income 16.5% of gross profit met income is increased by 16,5% over the previous year. D) net income is 16.5% of net sales reve . 14) Which of the following bout describes horizontal analysis A) expressing each figure a percentage of a bude gure B) comparing figures from year to year for the same company C) calculating keyration to evaluate performance D) comparing a company's financial statements with other companies 5) Which of the following the describes trend analysis? A) calculating key ratios to evaluate performance B) expressing each figure as a percentage of a budgeted figure expressing each year's figures as a percentage of the base year figures comparing a company's financial statements with that of other companies Which of the following is true of the statement of cash flows? A) It shows how the profits or losses of the company were generated. B) It indicates when long-term debt will mature. C) It reports on the qualitative behavior of the company's performance. D) It covers a specific span of time the same as the income statement 3