Question: In calculating common-sized ratios in a vertical and horizontal analysis, what is the base for calculating common-sized ratios for the balance sheet? A. Total assets

  •  In calculating common-sized ratios in a vertical and horizontal analysis, what is the base for calculating common-sized ratios for the balance sheet?
  • A. Total assets
  • B. Gross receipts
  • C. Total liabilities
  • D. Retained earnings

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