Question

Past financial statement analysis helps in assessing developments in future, especially in the next year.

• A. True
• B. False

Answer 1

The correct option is A True

True. Past financial statement analysis helps in assessing developing future, especially in the next year. Financial analysis helps in analysing the past and current position of the company which helps the company in further making economic decisions.

Analysis helps the company understanding what to do next and what not to do in order to achieve goals.