Question: Common - size financial statements recast each statement item as: Multiple Choice a percentage using industry averages for the base number. a percentage using a

Common-size financial statements recast each statement item as:
Multiple Choice
a percentage using industry averages for the "base number."
a percentage using a base year number for each line item.
a percentage of some "base number" on the financial statement in question.
a percentage of the "bottom line."

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