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What is amount and percentage of increase in gross profit

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Question - Name the three main ways to analyze financial statements:

1. What is the purpose of the horizontal analysis?

2. Gross profit is $100,000 for 2019 and $120,000 for 2020. What is the amount and percentage of increase or decrease in gross profit?

3. What is the purpose of the vertical analysis?

4. Net Sales Revenue is $100,000 and gross profit is $40,000 for 2020. What is the percentage of gross profit to net sales revenue?

5. What information can the current ratio provide? What is the formula used to calculate current ratio?

6. What information can the acid-test ratio provide? What is the formula used to calculate acid-test ratio?

Reference no: EM132904450

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