Horizontal analysis is a percentage method of analyzing financial ...

[skymedlock]

Horizontal analysis is a percentage method of analyzing financial statements whereby each item on the statement is expressed as a percentage of a base amount. For balance sheets, the base is assets, and for income statements, the base is net sales.
  Indicate whether the statement is true or false

Question 2

For every 10,000 square feet of lumber used, 116.8 square feet is scrap. What percent of the lumber is scrap? (Round to the nearest tenth of a percent)

[mceravolo]

Answer to Question 1

FALSE

Answer to Question 2

1.2

[skymedlock]

TYSM

[Sarahjh]

Thanks for the timely response, appreciate it