Which of the following would be most likely to reveal that net income represented 7% of total net sales in 2017,but only 4% in 2016?
A) common-size financial statements
B) horizontal analysis
C) trend analysis
D) ratio analysis

Question

Quizplus · Accepted Answer

Common-size financial statements express each item as a percentage of a base amount, such as net sales, allowing for easy comparison of financial performance across different periods.

Which of the Following Would Be Most Likely to Reveal