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To prepare common size income statements, percentages for line items are usually based on ________. To prepare common size balance sheets, percentages for line items

To prepare common size income statements, percentages for line items are usually based on ________. To prepare common size balance sheets, percentages for line items are usually based on ________.

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net income; total stockholders' equity

expenses; total liabilities

net operating profit; total stockholders' equity

sales; total assets

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