Question

Question 4. In a common size balance sheet figure of revenue from

operations is assumed to be equal to ____________.

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Answer 1

Answer:

In common size income statement, net sales figure is assumed to be 100 and all other figures of expenses are expressed as a percentage of sales. In common size balance sheet, the total of assets or liabilities is assumed to be 100 and figures are expressed as a percentage of the total.

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