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Common size financial statements: Observe the direction and magnitude of business trends and can signal potential strengths and weaknesses. Select a base year for financial

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Common size financial statements: Observe the direction and magnitude of business trends and can signal potential strengths and weaknesses. Select a base year for financial measures and then express other years relative to the base measure. Represent each item on a financial statement relative to a total value for a category of similar items. All of the above. None of the above

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