CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

A trend statement reveals a firm's gross margin percentage for each year presented. True or False?
Correct Answer: False

A common-size statement reveals this comparison, as all components of the income statement are presented as a percentage of sales. A trend statement recasts financial statement items in percentage terms in comparison with a base year (rather than net sales or total assets).

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