- CFA Exams
- CFA Level I Exam
- Study Session 7. Financial Reporting and Analysis (2)
- Reading 24. Financial Analysis Techniques
- Subject 1. Analysis Tools and Techniques
CFA Practice Question
On a common-size financial statement, which of the following is given a designation of 100%?
A. Net income
B. Net revenues
C. Total liabilities
Explanation: Net revenues are given the designation of 100% in a common-size income statement. Each component of the income statement, including net income, is shown as a percentage of net revenues.
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