In a common-size balance sheet,each balance sheet account is expressed as a percentage of total
A)liabilities.
B)assets.
C)shareholders' equity.
D)assets plus shareholders' equity.

Question

Quizplus · Accepted Answer

In a common-size balance sheet, each balance sheet account is expressed as a percentage of total assets. This enables investors and analysts to compare the relative size and importance of various items on the balance sheet.

In a Common-Size Balance Sheet,each Balance Sheet Account Is Expressed