The following information is taken from the financial statements of a company for the current year: On a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue?
A) 100%
B) 14%
C) 60%
D) Cannot be determined

Question

The following information is taken from the financial statements of a company for the current year:  On a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue?
A) 100% 
B) 14% 
C) 60% 
D) Cannot be determined

Quizplus · Accepted Answer

The Answer of The following information is taken from the financial statements of a company for the current year:  On a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue?
A) 100% 
B) 14% 
C) 60% 
D) Cannot be determined

The Following Information Is Taken from the Financial Statements of a Company