Imagine that you are the financial manager of Clark Pediatrics Center and you have a meeting with the board of directors in a month. You need to create a financial analysis of the organization. You have also been asked to compare Clark Pediatrics to other pediatric healthcare organizations in the area to create a trend comparison.
What must you do to complete a financial analysis?
What information do you need for both horizontal analysis and vertical analysis?
What sources can you use for comparison?
What kind of decisions can be made regarding this information?