26. Another term for vertical analysis is a. common-size analysis. b. liquidity analysis. c. horizontal analysis. d. leverage analysis. 27. Common-size statements are especially useful in comparing a. a company's performance across time. b. companies of different sizes. c. supplemental information included in the corporate annual report. d. companies of the same size. 28. In preparing a common-size balance sheet, you express all account balances as a percentage of a. total stockholders' equity. b. total liabilities. c. total assets plus total liabilities minus stockholders' equity. d. total assets. 29. In preparing a common-size income statement, you express all revenue and expense account as a percentage of a. net income. b. operating income. c. gross profit. d. net sales revenue. 30. The following financial statement items are shown for J&T Manufacturing. $ 24,000 Inventory Total assets Salaries payable 120,000 12,000 Total liabilities 52,000 Calculate the common-size percentage for inventory. a. 8% b. 14% c. 20% d. 500%