What are the three most common tools of financial statement analysis?*

Revenue is $250,000 in the current year and $225,000 in the previous year. Calculate the dollar change and the percentage change. (Show your work and round to one decimal place.)*

Dollar change $25,000 increase, Percent of change 10%

Dollar change $25,000 increase, Percent of change 11.1%

Dollar change $25,000 decrease, Percent of change 10%

Dolalr change $25,000 decrease, Percent of change 11.1%

When using vertical analysis to evaluate financial statements what is the base used for income statement vertical analysis and what is the base used for balance sheet vertical analysis?*

Why do we use common size financial statement analysis?*

Salmon Company had $262,500 of accounts receivable and $1,286,470 of total assets. Calculate the common size ratio for accounts receivable. (Show your work and round to one decimal place.)*

20.4%

4.90

Other:

What is the current ratio formula?*

What information is provided by the ratios for day sales in accounts receivable and days sales in inventory?*