We measure income statement accounts at a point in time and balance sheet accounts over a period of time.
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Q78: We use vertical analysis for income statement
Q79: Extraordinary items:
A)Include very large gains or losses
Q80: Vertical analysis calculates the amount and percentage
Q81: The average collection period converts the receivables
Q82: Using horizontal analysis,if the base year is
Q84: If the base-year amount is zero,we can't
Q85: Other things being equal,the higher the debt
Q86: Horizontal analysis analyzes trends in financial statement
Q87: A low receivables turnover ratio is a
Q88: We calculate the times interest earned ratio
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