CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

If an analyst is preparing common-size financial statements, the most appropriate way of expressing the interest expense is as a percentage of ______.
A. sales
B. total liabilities
C. total interest-bearing debt
Explanation: Interest expense is an income statement account and the common-size percentage should be computed as a percentage of sales for that company.

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