A Financial Statement That Shows Each Line Item as a Percentage

question 39

Multiple Choice

A financial statement that shows each line item as a percentage of one key item on the statement is referred to as:

• A)benchmarking.
• B)common-size statement.
• C)horizontal analysis.
• D)financial ratio analysis.

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Definitions:

Impoverished Urban Area

A part of a city characterized by poverty, inadequate living conditions, and often a lack of access to basic services.

Charter Schools

Publicly funded independent schools established by teachers, parents, or community groups under a charter with a local or national authority.

Harlem, New York

A famous neighborhood in the borough of Manhattan, known for its significant African-American cultural, social, and artistic history.

Public Schools

Educational institutions that are funded and run by the government and are available to children without charge.