Question: When performing a vertical analysis (using common size financial statements) the following is true: Multiple Choice The balance of sales is the base amount used

When performing a vertical analysis (using common size financial statements) the following is true:

Multiple Choice

  • The balance of sales is the base amount used for the balance sheet

  • The balance of sales is the base amount used for the income statement.

  • The balance of sales and expenses are both used as the base amount for the financial statements.

  • None of the above

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