Question: A common-size income statement would typically be prepared by dividing: A. all items on income statement in Year t by their corresponding value in Year
A common-size income statement would typically be prepared by dividing:
A. all items on income statement in Year t by their corresponding value in Year t-1.
B. all items on income statement in Year t by their corresponding balance sheet accounts in Year t.
C. all items on income statement in Year t by net income in Year t-1.
D. all items on income statement in Year t by sales in Year t.
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