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Common size income statements represent all figures on the income statement percentages of the current year's sales. as a percentage of some benchmark figure. as

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Common size income statements represent all figures on the income statement percentages of the current year's sales. as a percentage of some benchmark figure. as a percentage change from the previous year. as a percentage of total assets. The analysis of a firm's financial statements can be an important factor in the firm's ability to borrow money. True False

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