Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 13 - Financial Analysis: The Big Picture - Self-Test Questions - Page 726: 4


D - base-year amount

Work Step by Step

In horizontal (“trend”) analysis, each item is expressed as a percentage of the base year amount. For example, if the base year amount is 100, and year 2 amount is 105, then the base year amount is expressed as 100% and the base year is expressed as 105%.
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