sponding item on a diffe or key amount on the sa ustry average.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Vertical analysis compares each item on a financial statement with:
a corresponding item on a different statement of the same year.
B.
a total or key amount on the same statement.
an industry average.
a total or key amount on the financial statement of the previous period.
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