Vertical analysis always involves comparing financial statement elements over a span of time.
Answer the following statement true (T) or false (F)
False
Vertical analysis of an income statement (also called a common size income statement) involves converting each income statement component to a percentage of sales. Although vertical analysis suggests examining only one period, it is useful to compare common size income statements for several years.
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_____ automates the classification of data into categories for future retrieval.
Fill in the blank(s) with the appropriate word(s).
Smartphones are part of the ______.
a. First Media Age b. New Media Tradition c. Oral Tradition d. Electronic Tradition
Answer the following statement(s) true (T) or false (F)
1. Dividends are required by law to all shareholders. 2. Working capital is the amount of capital available for the day-to-day running of the firm. 3. If you have a checking account and have written checks for $1000 but only $100 of checks have cleared, the $100 of checks that have cleared are referred to as float. 4. Trade credit and factoring are good sources of capital investments. 5. Capital budgeting involves comparing and evaluating the revenues and expenses for one year and determining what portion must be invested in order to ensure an adequate rate of return for the firm.
Co-specialization requires which of the following?
a. Management of assets and their development in relation to each other in alliances and collaborations b. Relating strategy to past traditions c. Organizations with a long history in the market d. Organizations operating in dynamic environments