define common size statements
Answers
Answered by
1
YOUR ANSWER.............
A common size income statement is an income statement in which each account is expressed as a percentage of the value of sales. It is used for vertical analysis, in which each line item in a financialstatement is listed as a percentage of a base figure within the statement, to make comparisons easier.
A common size income statement is an income statement in which each account is expressed as a percentage of the value of sales. It is used for vertical analysis, in which each line item in a financialstatement is listed as a percentage of a base figure within the statement, to make comparisons easier.
Similar questions