5. 2007 current assets $100,000; 2007 long-term assets $300,000; 2007 total liabilities $150,000; and 2007 total shareholders' equity $250,000. Using the previous information and your knowledge of common-sized statements, select the statement that is false. Common-size statements allow companies of different sizes to be more easily compared. The common-size % for total liabilities is 37.5%. Common-size statements are a type of vertical analysis. The common-size % for current assets is 33.3%