To Convert a Balance Sheet into a Common-Size Balance Sheet

question 79

Multiple Choice

To convert a balance sheet into a common-size balance sheet statement,we restate all the numbers as percentages of ________.

• A)revenue
• B)total assets
• C)total owners' equity
• D)total liabilities

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Definitions:

Ectasis

A medical term that describes the widening or enlargement of a hollow organ or structure.

Circum-

A prefix in English denoting around, about, or surrounding something.

Epi-

Refers to being above, over, or on top of something, often used as a prefix in medical and biological terms to denote a higher position or an outer layer.

Tachy-

A prefix meaning "fast" or "swift," used in medical terminology to denote an abnormally rapid state, such as in "tachycardia" for rapid heartbeat.