Question: 2. In calculating common-sized ratios in a vertical and horizontal analysis, what is the base for calculating com morn-sized ratios for the income statement? A.

 2. In calculating common-sized ratios in a vertical and horizontal analysis,

2. In calculating common-sized ratios in a vertical and horizontal analysis, what is the base for calculating com morn-sized ratios for the income statement? A. Gross receipts B. Total assets C. Total liabilities D. Retained earnings

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