Question: When using common-size statements: All of these are correct. Data may be selected for the same business as of different dates, or for two or

When using common-size statements:

  • All of these are correct.
  • Data may be selected for the same business as of different dates, or for two or more businesses as of the same date.
  • Dollar changes are reported over a period of at least three years.
  • Relationships should be stated in terms of ratios.

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