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9. A common size balance sheet is a a) statement that expresses each account on the balance sheet as a percentage of net income b)

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9. A common size balance sheet is a a) statement that expresses each account on the balance sheet as a percentage of net income b) statement that expresses each account on the balance sheet as a percentage of total assets c) statement that is common to an industry d) statement that expresses each account on the balance sheet as a percentage of total assets and each liability account on the balance sheet as a percentage of total liabilities e) statement that expresses each account on the balance sheet as a percentage of total sales

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