Question: When developing a common-size balance sheet to evaluate last years performance, all accounts are expressed as a percentage of: the base years total assets. the

When developing a common-size balance sheet to evaluate last years performance, all accounts are expressed as a percentage of:

  • the base years total assets.

  • the base years sales.

  • the base years total equity.

  • last years sales.

  • last years total assets.

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