CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

In a common-size statement, the balance sheet is expressed as a percentage of ______ while the income statement is expressed as a percentage of ______.
A. liabilities plus equity; net income
B. assets; net income
C. liabilities plus equity; sales

User Contributed Comments 3

User Comment
kalps Liabilities plus qeuity gives you net total assets Income statement is expressed as a precentage of SALES
mickykumar But the FRA curriculum page 232 reading 33 states that a common size balance sheets represents total assets. not net assets.
RAustin L+E=A, nice trick question!
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