Financial statement users should focus attention on each item showing a large percentage change from one year to the next." Is this statement correct? Why? Q7. What are common-size financial statements and how are they used? Q8. What item is the key figure (that is, 100 percent) in a common-size income statement? A common-size balance sheet? Q15. For each of the following ratios, is a high ratio or low ratio considered, in general, a positive sign