Determining whether a firm's financial position is improving or deteriorating requires analysis of more than one set of financial statements. Trend analysis is one method of measuring a firm's performance over time.
Answer the following statement true (T) or false (F)
True
An evaluation of changes (trends) in a firm's financial position over a period of time, perhaps years, is called trend analysis. See 2-3: Financial Statement (Ratio) Analysis
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Briefly describe the five criteria that measure the effectiveness of a performance management system.
What will be an ideal response?
The First Amendment to the U.S. Constitution prohibits the government from aiding the establishment of a religion
Indicate whether the statement is true or false
A promissory note payable "on the day of the next presidential election" is
a. nonnegotiable. b. unenforceable. c. void. d. negotiable.
Which of the following would be an example of the "precautionary motive" for a firm holding cash
balances? A) purchase fixed assets B) anticipating a strike C) make dividend payments D) purchase of inventory