Question: All expense items in a common sized income statement are divided by what number to create the percentage relationship? If an expense item maintains a

  • All expense items in a common sized income statement are divided by what number to create the percentage relationship?

  • If an expense item maintains a relatively constant percentage of sales as sales vary over time, then this expense item is probably a fixed or variable cost?

  • All balance sheet items on a common sized balance sheet are constructed by dividing each balance sheet item by what number to create the percentage?

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