Question 5 (3 points) Which of the following regarding common-size financial statements is FALSE? Common-size income statements divide each item by net income. Common-size financial statements are useful for analysts both inside and outside the firm. Common-size balance sheets allow for comparisons of different size firms in the same industry. Common-size balance sheets divide each item by total assets. Common-size financial statements allow for comparisons of a firm's financial statements over time. Previous Page Next Page Page 5 of 30 Submit Quiz 0 of 30 questions saved MacBook Air 20 $ % 5 & 7 8 3 70 E T Y o D F G H