Common-sizing an income statement generally means expressing each line item of the statement as a percentage of
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Common-sizing an income statement generally means expressing each line item of the statement as a percentage of
(a) Gross sales
(b) Operating profit
(c) Net sales
(d) Net income before taxes AppendixLO1
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Related Book For 
Financial Accounting And Reporting A Global Perspective
ISBN: 9781844802500
2nd Edition
Authors: Michel J. Lebas, Herve Stolowy, Michael Lebas
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