Financial Statement Analysis

Variance analysis is done as part of vertical analysis

• True

• False

If revenue for 2021 is25,000 and revenue for 2020 is 23,000, the variance percentage is 7%

• True

• False

Current assets include all assets such as cash that are expected to be sold between one and 5 years.

• True

• False

Non-current Investments include all investments management plans to hold to maturity.

• True

• False

Intangible assets are physical property, plant and equipment that the hospitality company has legal ownership of as result of a past business transaction.

• True

• False

Non-current liabilities are business obligations that are due within one year of a company's normal operating cycle.

• True

• False

Cost of Goods Sold are direct costs of producing products and services.

• True

• False

Horizontal Analysis is a method to analyze financial statements over two or more operating periods.

• True

• False