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What do common size statements tell you (pick all that are true): Shows the relative size of the major sources of financing. Provides a basis
What do common size statements tell you (pick all that are true):
| Shows the relative size of the major sources of financing. |
| Provides a basis of comparison for the firm over time. |
| Allows for a comparison to other firms, especially for different size firms. |
| Demonstrates which accounts are most significant to a firm (in the pursuit of profits). |
| It gives a breakdown of major resources (assets) for a firm. |
| Illustrates the portion of revenue left after expenses as well as the relative portion of those expenses. |
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