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Describe the Purpose of Horizontal Financial Statement Analysis and How

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Essay

Describe the purpose of horizontal financial statement analysis and how it is applied.


Definitions:

Automobile Manufacturers

Companies engaged in designing, producing, and selling motor vehicles.

Dry Cleaners

A business that cleans clothing, textiles, and garments using a chemical solvent rather than water, often for items that cannot withstand the rigors of standard home laundering.

Computer-Integrated Manufacturing

A system of manufacturing in which all the processes are controlled by computers, resulting in reduced manual intervention and increased efficiency.

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