Question: to create common size income statement ---- all items on the income statement by ----- a) divide; net income b) multiply; total revenue c) multiply;

to create common size income statement ---- all items on the income statement by -----

a) divide; net income

b) multiply; total revenue

c) multiply; net income

d) divide; total revenue

I know that the answer is D, but give the detailed explanation and why other answers are wrong.

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