Question : …………….. analysis of financial statement is based on one year data.
Option 1: Vertical analysis
Option 2: Horizontal analysis
Option 3: Both 1 and 2
Option 4: None of the above
Correct Answer: Vertical analysis
Solution : Answer = Vertical analysis
Vertical analysis as a financial statement analysis such as ratios is utilised to evaluate and analyse financial statements for a specific year or period. Hence, the correct option is 1.
Question : …………. financial statement analysis is dynamic.
Question : ---------- requires a financial statement of one period.
Question : Choose which of the following statements is correct?
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