b. A figure from this year's statement is compared with a base selected trom tlle tu year. 1. Vertical common-size statement 2. Horizontal common-size statement 3. Funds statement 4. Absolute figures 5. Balance sheet c. Fremont Electronics has income of $1 million. Columbus Electronics has income of $2 million. Which of the following statements is a correct statement? 1. Columbus Electronics is getting a higher return on assets employed. 3. Fremont Electronics could be more profitable than Columbus Electronics in relation is Electronics has higher profit margins than does Fremont Electronics. to resources employed. No comparison can be made between Fremont Electronics and Columbus Electronics. 4. s. Fremont Slecronics isnot making goduse f is recources. Industry ratios should not be considered as absolute norms for a given industry because of all but which of the following? 1. The firms have different accounting methods. 2. Many companies have varied product lines. (continued