CFA Practice Question

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CFA Practice Question

Common-size income statements display each item as a percentage of ______, while common-size balance sheets display each item as a percentage of ______.

A. net income; total equity
B. sales; total assets
C. sales; total equity
Correct Answer: B

The common-size income statement lists all items as a percentage of net sales, while on the common-size balance sheet, total assets equal 100% and each item is displayed as a percentage of total assets.

User Contributed Comments 3

User Comment
Yrazzaq88 If you get this wrong, you should give up on life.
birdperson hush now Yrazzaq88
Kevdharr Ha.. I got it right. So I guess there is still hope.
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