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1) A good financial statement analysis report usually includes the following six
sections: (1) ______________________, (2) ____________________, (3)
_______________, (4) __________________ (5) __________________, and (6)
____________________.
2) The following information is available for Trico and its two main competitors in the
industry (Duco and Unico):
The industry standard for the current ratio is 1.8 and the industry standard for the
acid-test ratio is 1.
3) Companies promoting continuous improvement strive to achieve _____________
standards by eliminating inefficiencies and waste.
4) How does the going-concern principle affect reporting asset values of a business?
5) Describe the purpose of vertical financial statement analysis and how it is applied.
