Horizontal Analysis Is Performed When

Multiple Choice

Horizontal analysis is performed when:

A) total assets are set at 100% and all other balances are shown as a percentage of total assets.
B) financial statement data are shown for two periods with the amount and percentage of change for each line item.
C) there is a need to calculate and compare key ratios from period to period.
D) income statement amounts are shown as a percentage of total sales.