write a response for this: The standard size analysis method uses financial statements from a previous time to predict future statements. It uses income statements to assign a percentage of total sales to each item, and balance sheets to assign a percentage of total assets to each item. This sales prediction can be used to estimate future amounts for each item on financial statements by applying general size %s from past statements. This method is effective as it uses past data to project all other financial accounts based on the current sales forecast. However, it is best to use the common size method for accurate and reliable predictions, provided the firm's structure or working conditions remain consistent