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

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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