The purpose of a financial statement analysis is to compare the firm's financial performance with its own past efforts, with generally established financial standards, and with other firms in the same industry. People analyze financial statements in order to predict the future performance of a firm. The component of financial analysis that compares figures over a period of several years is

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The purpose of a financial statement analysis is to compare the firm's financial performance with its own past efforts, with generally established financial standards, and with other firms in the same industry. People analyze financial statements in order to predict the future performance of a firm. The component of financial analysis that compares figures over a period of several years is