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Which of the following statements is true regarding vertical analysis? a. Vertical analysis can only be used with income statement accounts. b. Common-size financial statements

Which of the following statements is true regarding vertical analysis? a. Vertical analysis can only be used with income statement accounts. b. Common-size financial statements can be used to compare businesses of different sizes. c. Vertical analysis can only be used with retained earnings accounts. d. Vertical analysis can only be used with balance sheet accounts.

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