Question : Choose which of the following statements is correct?

Option 1: Horizontal Analysis requires financial statements of two or more accounting periods.

Option 2: Vertical Analysis requires financial statement of one period.

Option 3: Both 1 and 2

Option 4: None of the above

Question : Advantages or Uses of Accounting Ratios are

Option 1: Helpful in Analysis of Financial Statements

Option 2: Simplification of Accounting Data 

Option 3: Helpful in Locating the Weak Spots of the Business

Option 4: All of the above 

Question : Advantages or Uses of Accounting Ratios are

Option 1: Helpful in Analysis of Financial Statements

Option 2: Simplification of Accounting Data 

Option 3: Helpful in Locating the Weak Spots of the Business

Option 4: All of the above 

Question : Types of financial statement analysis are:

Option 1: External analysis

Option 2: Internal analysis

Option 3: Horizontal and vertical analysis

Option 4: All of the above

Question : Types of financial statement analysis are:

Option 1: External analysis

Option 2: Internal analysis

Option 3: Horizontal and vertical analysis

Option 4: All of the above