Common Size Financial Statements Convert Figures to a Common Size

question 42

Multiple Choice

Common size financial statements convert figures to a common size by:

• A)dividing balance sheet items by total assets and income statement items by net income.
• B)dividing balance sheet items by sales and income statement items by net income.
• C)dividing balance sheet items by total assets and income statement items by sales.
• D)dividing balance sheet items by sales and income statement items by total assets.
• E)dividing balance sheet items by total equity and income statement items by sales.

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Distinguish between weather and climate in the context of long-term geological timelines.

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