Question: Identify the correct statements about vertical common size financial statement analysis. Each item on the income statement is expressed as a percentage of sales. The

Identify the correct statements about vertical common size financial statement analysis.
Each item on the income statement is expressed as a percentage of sales.
The balance sheet and income statement are expressed in a percentage format.
Each liability is expressed as a percentage of total liabilities.
Total current assets are expressed as a percentage of total assets.
Identify the correct statements about vertical

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