In a common-size financial statement, which of the following is given a percentage of 100 percent?

Question

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In a common-size financial statement, total assets are given a percentage of 100 percent, as all other items on the statement are expressed as a percentage of total assets. This allows for easy comparison of different components of the financial statement, and helps to identify trends and changes over time.

In a Common-Size Financial Statement, Which of the Following Is