The Purpose of Financial Statement Analysis Is to

question 105

Multiple Choice

The purpose of financial statement analysis is to

• A) Use the past performance to predict future performance.
• B) Evaluate the current performance in order to identify problem areas.
• C) Both use the past performance to predict future performance and evaluate the current performance in order to identify problem areas.
• D) Neither use the past performance to predict future performance nor evaluate the current performance in order to identify problem areas.

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Definitions:

Gravida

Total number of pregnancies a woman has had regardless of duration, including a present pregnancy.

Cervical

(1) Pertaining to the neck portion of the spinal column; (2) also to the entrance into the uterus.

Intraepithelial Lesion

A term describing early changes in the cells of the skin and some mucous membranes that may develop into cancer, usually found in the context of cervical cancer screening.

Epithelial Cell Abnormalities

Irregularities in the cells lining the surfaces of organs and structures in the body, which can indicate disease or cancer.