In a common-size financial statement,a designation of 25 percent could not be given to
A) net revenues.
B) total current assets.
C) total long-term debt.
D) net earnings.

Question

Quizplus · Accepted Answer

In a common-size financial statement, net revenues are typically set at 100% as the base figure, and all other items are expressed as a percentage of net revenues. Therefore, net revenues cannot be 25%.

In a Common-Size Financial Statement,a Designation of 25 Percent Could