financial statement analysis

Component percentages indicate the relative size of each item included in a total. Which of the following statements is true? Select one: a. Income statement items are expressed as a percentage of net income, while balance sheet items are expressed as a percentage of total assets b. Both income statement and balance sheet items are expressed as a percentage of net assets. C. Income statement items are expressed as a percentage of net income, while balance sheet items are expressed as a percentage of net assets, d. Income statement items are expressed as a percentage of net sales, while balance sheet items are expressed as a percentage of total assets