In a common-size income statement, the 100% amount is:
A) net income.
B) operating income.
C) gross profit.
D) net sales.

Name: In a common-size income statement, the 100% amount is: A) net income. B) operating income. C) gross profit. D) net sales.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

In a common-size income statement, the 100% amount is typically the net sales. This allows for easier comparison of expenses and profitability across different time periods or companies.

In a Common-Size Income Statement, the 100% Amount Is