Which Approach Converts Financial Statement Numbers as Percentage of Total

question 28

Multiple Choice

Which approach converts financial statement numbers as percentage of total assets or total sales?

• A)Horizontal Analysis
• B)Vertical Analysis
• C)Ratio Analysis
• D)Variance Analysis

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Definitions:

Nearest 0.01%

Rounding off a number to the closest one-hundredth of a percent for precision in calculation or representation.

Nearest 0.01%

Adjusting values to ensure that they are as close as possible to an accurate hundredth of a percentage point for increased accuracy.

Nearest 0.01%

The approximation of a value rounded to the nearest hundredth of a percent to increase precision.

Nearest 0.01%

Indicates rounding figures to the closest one hundredth of a percent.