Identify which of these terms about Financial Performance Measures are True or False

5.In a common-size income statement, net income is represented by 100 percent.

6.In a common-size income statement, each item is expressed as a percentage of net sales.

7.In a common-size balance sheet, total assets are represented by 100 percent.

8.Ratio analysis is useful only if the ratio states a meaningful relationship between two numbers.