A common size income statement expresses all items as a percentage of
A) Total Assets
B) Total Equity
C) Total Liabilities
D) Revenues
E) Net Income

Question

Quizplus · Accepted Answer

A common size income statement expresses all items as a percentage of revenues, allowing for easier comparison across time periods and with other companies by standardizing the size of various line items.

A Common Size Income Statement Expresses All Items as a Percentage