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Which of the following statements accurately describe how common size analysis is created? I. Each asset account is shown as a percent of total assets
Which of the following statements accurately describe how common size analysis is created?
I. Each asset account is shown as a percent of total assets
II. Each liability account is shown as a percent of total liabilities
III. Each cost of goods sold component is shown as a percent of sales
IV. Each operating expense is shown as a percent of total operating expenses
A.I & II
B.I & III
C.II & IV
D.III & IV
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