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Common - size financial statements a . allow for an easy comparison of balance sheets and income statements across firms in the industry. b .
Commonsize financial statements
a
allow for an easy comparison of balance sheets and income statements across firms in the industry.
b
provide quantitative clues about the direction that the firm is moving.
c
are obtained by dividing all income statement accounts by net sales and all balance sheet accounts by total assets.
d
All of these choices are correct
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