In a common-size financial statement,a designation of 25 percent could not be given to
A)total stockholders' equity.
B)cost of goods sold.
C)net earnings.
D)total assets.

Question

Quizplus · Accepted Answer

In a common-size financial statement, total assets are typically represented as 100%, and other items are expressed as a percentage of total assets. Therefore, total assets cannot be designated as 25%.

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