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    Question

    In relation to trend analysis, which of the following

    statements is/are correct? Statement-1: The trend analysis of ratios indicates whether the financial position of a firm is improving or deteriorating over the years. Statement-2: The significance of a trend analysis of the ratio lies in the fact that the analysis can know the direction of movement whether the movement is favourable or unfavourable.
    A Only statement-1 is correct. Correct Answer Incorrect Answer
    B Neither statement-1 nor statement-2 is correct. Correct Answer Incorrect Answer
    C Both statement-1 and statement-2 are correct. Correct Answer Incorrect Answer
    D Only statement-2 is correct. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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