Common-Size Financial Statements Recast Each Statement Item As

question 41

Multiple Choice

Common-size financial statements recast each statement item as: 

• A) a percentage of the "bottom line."
• B) a percentage using industry averages for the "base number."
• C) a percentage using a base year number for each line item.
• D) a percentage of some "base number" on the financial statement in question.

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