Which of the following statements is false? Common-size balance sheets allow for comparison of firms with different levels of total assets by introducing a common denominator. O The common-size balance sheet reveals the composition of assets within major categories. Each item on a common-size balance sheet is expressed as a percentage of sales. O The common-size balance sheet reveals the capital and the debt structure of the firm. Next Page Page 2 of 10 8 Submit Quiz 4 of 22 questions saved MacBook Air