What are the three tools of financial statement analysis

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Mountain Corporation reported the following amounts in 2017, 2018, and 2019.

                                    2017                 2018                          2019

Current assets        $200,000           $230,000             $240,000

Current liabilities       $160,000          $168,000           $184,000

Total assets          $500,000              $600,000            $620,000

Required:

Question i) What are the three tools of financial statement analysis?

Question ii) Perform each of the three types of analysis on Mountain's Current Assets for 2018 and 2019.

Reference no: EM132626478

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