Which of the following facts are related to the tools for analysis of financial statements:
A. Comparative statements and the financial ratios are the two tools employed in vertical analysis
B. Common size statements are the form of horizontal analysis
C. Cash flow statements is a tool of financial statements analysis
D. Ratio Analysis establishes the relationship between two financial Variables
E. In a common-size statements, each item is expressed as a percentage of some common base
Choose the correct answer from the options given below:

Correct option is D

The tools for analysis of financial statements include:
C. Cash flow statements is a tool of financial statements analysis.
D. Ratio Analysis establishes the relationship between two financial Variables.
E. In a common-size statements, each item is expressed as a percentage of some common base.