Author Question: Excel can simplify completing a vertical analysis of an income statement because the formula to ... (Read 198 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
Excel can simplify completing a vertical analysis of an income statement because the formula to calculate percent of net sales can be entered once and then copied to all other applicable cells.
  Indicate whether the statement is true or false

Question 2

A horizontal analysis compares items on a balance sheet using the concept of percent of increase or decrease.
  Indicate whether the statement is true or false



cuttiesgirl16

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

TRUE

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

For a complete list of videos, visit our video library