Common Size Financial Statements Convert Figures to a Common Size

Common size financial statements convert figures to a common size by:

A) dividing balance sheet items by total assets and income statement items by net income.
B) dividing balance sheet items by sales and income statement items by net income.
C) dividing balance sheet items by total assets and income statement items by sales.
D) dividing balance sheet items by sales and income statement items by total assets.
E) dividing balance sheet items by total equity and income statement items by sales.