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 % of an industry average (such as rate of return)

C) as a % of a stock market average (such as market capitalization)

D) as a % of a national average(such as per capita GDP

2) which of the following ratios is incorrect?

A)Current ratio=Current assets/Current Liabilities

B) Quick ratio=(current assets-Inventory)/Current liabilities

C) inventory turnover=(cost of goods sold)/Inventory

D)Days Sales outstanding =365/Accounts payable turnover