Standardized Financial Statements What types of information do common-size financial statements reveal about the firm? What is

Question:

Standardized Financial Statements What types of information do common-size financial statements reveal about the firm? What is the best use for these common-size statements? What purpose do common—base year statements have? When would you use them?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...