Question: 1.A common-size financial statement is one in which each number is expressed A.As a percentage of some base number for the firm (such as total

1.A common-size financial statement is one in which each number is expressed

A.As a percentage of some base number for the firm (such as total assets or revenues)

B.As a percentage of an industry average ( such as rate of return)

C.As a percentage of stock market average( such as market capitalization)

D.As a percentage of a national average( such as per capita GDP)

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