(a)
Horizontal analysis of financial statement:
In horizontal analysis of financial statement, the amount of each item of the current year financial statement is compared with the previous year financial statement. The amount of each item increased or decreased in the current financial statement, and its respective percentage can be computed by taking the earlier statement as the base.
To determine: The amount of change in millions, and the percentage of change from the year 1 to the year 2.
(b)
To discuss: The conclusions drawn from the analysis of the revenue, and the operating expenses.
(c)
To compare: The conclusions on the operating results of Corporation T and Corporation W.
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