Managers Look at the Financial Statement to See How Well

question 57

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?

---

Definitions:

Civil Rights Act of 1964

A landmark legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, both, neither, or another gender.

Federal Law

Laws passed by the national government of the United States that apply throughout the country.

Federal Minimum Wage

The federal minimum wage is the lowest hourly wage that an employer can legally pay an employee, as mandated by federal law.