Managers Look at the Financial Statement to See How Well

question 101

Essay

Managers look at the financial statement to see how well a company is doing,but the account balances alone do not tell managers enough.Horizontal and trend analyses are commonly used by managers to help assess the company's financial strengths and weaknesses.
Required:

Explain what horizontal analysis and trend analysis are and how the numbers are used. What are the steps in preparing horizontal and trend analysis?

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