Question
to create common size income statement ---- all items on the income statement by ----- a) divide; net income b) multiply; total revenue c) multiply;
to create common size income statement ---- all items on the income statement by -----
a) divide; net income
b) multiply; total revenue
c) multiply; net income
d) divide; total revenue
I know that the answer is D, but give the detailed explanation and why other answers are wrong.
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
