In a common size income statement, the 100% figure is
A) net income.
B) cost of goods sold.
C) gross profit.
D) net sales.

Name: In a common size income statement, the 100% figure is A) net income. B) cost of goods sold. C) gross profit. D) net sales.
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Question

Quizplus · Accepted Answer

In a common size income statement, the 100% figure represents net sales. All other line items are expressed as a percentage of net sales, which makes it easier to compare different companies or periods.

In a Common Size Income Statement, the 100% Figure Is