What are trend percentages

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Reference no: EM133206169

Question 1: How do horizontal analysis and vertical analysis of financial statements differ?

Question 2: "Financial statement users should focus attention on each item showing a large percentage change from one year to the next." Is this a true statement? Why or why not? Please explain.

Question 3: What are trend percentages and how are they calculated? What pitfalls must financial statement users avoid when preparing trend percentages?

Reference no: EM133206169

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