Common-size statements are income statements and balance sheets in which the dollar figures have been converted into percentages.

Name: Common-size statements are income statements and balance sheets in which the dollar figures have been converted into percentages.
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Common-size statements enable the comparison of companies of different sizes by converting the dollar figures into percentages, making it easier to see the relative proportions of each item.

Common-Size Statements Are Income Statements and Balance Sheets in Which