In a common-size balance sheet,which of the following is given a designation of 100 percent?
A) Total assets
B) Net income
C) Current assets
D) Cost of goods sold

Question

Quizplus · Accepted Answer

In a common-size balance sheet, total assets are given a designation of 100 percent. This allows for easy comparison of each individual asset as a percentage of the total assets.

In a Common-Size Balance Sheet,which of the Following Is Given