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For Each Historical Identification Question, Define the Term and Briefly

question 18

Essay

For each historical identification question, define the term and briefly describe its historical significance.
-Seneca


Definitions:

Horizontal Analysis

A financial analysis technique that compares historical financial data over a series of reporting periods to identify trends and growth patterns.

Percentage Change

A mathematical calculation that expresses the degree of change over time as a percentage.

Base Year

A reference point in time used for comparative financial analysis, where indicators are often normalized to 100.

Free Cash Flow

The cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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