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QUESTION 9 Which of the following statements is true? O The common-size balance sheet reveals the sales structure of a firm (revenues relative to expenses)

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QUESTION 9 Which of the following statements is true? O The common-size balance sheet reveals the sales structure of a firm (revenues relative to expenses) O The common-size balance sheet reveals the capital structure of a firm (debt relative to equity) O The common-size balance sheet reveals the ratios of a firm's competitor. O The common-size balance sheet reveals the profit structure of a firm. QUESTION 10 Which of the following items would be classified as assets on the balance sheet? O Inventory, cash, and accounts receivable. O Short-term debt, equipment, and notes payable. O Retained earnings, land, and accrued liabilities. O Accounts payable, inventory and property, plant and equipment. QUESTION 11

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