A common-size income statement expresses each expense and net income as a percentage of
A)assets.
B)revenues.
C)liabilities.
D)expenses.
E)shareholders' equity.

Question

Quizplus · Accepted Answer

A common-size income statement expresses each expense and net income as a percentage of revenues. This helps to analyze the expenses and their percentage of impact on the revenue generated by the company.

A Common-Size Income Statement Expresses Each Expense and Net Income