asked 213k views
3 votes
Vertical analysis compares the components of the balance sheet with a base item.

O True O False

1 Answer

2 votes

Answer:

True

Step-by-step explanation:

The vertical analysis is the financial statement involves taking a company information in comparison with the a base data. This analysis is also related to industry average analysis.

There is horizontal analysis which is based on comparing a company’s current year performance with previous year’s performance or more years. This is also called Trend analysis.

answered
User Kimkisha
by
7.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.