Common-size statements should NOT be used to compare a company's performance against the industry average.

Name: Common-size statements should NOT be used to compare a company's performance against the industry average.
Brand: Quizplus
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Quizplus · Accepted Answer

Common-size statements are actually designed to facilitate the comparison of a company's financial statements with industry averages or benchmarks. So, they can be used to compare a company's performance against the industry average.

Common-Size Statements Should NOT Be Used to Compare a Company's