In common size income statement analysis, which is taken as 100 percent?

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In common size income statement analysis, sales are taken as 100 percent.

Common Size Income Statement:- This statement is similar to the common size balance sheet. In the common size income statement, the total sales figure is taken as 100 percent and each item is then calculated as a percentage of sales.

In common size income statement analysis, which is taken as 100 percent?

sales

cost of goods sold

purchases

total assets

The correct answer is `No. 1: sales`

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In common size income statement analysis, which is taken as 100 percent?

sales

cost of goods sold

purchases

total assets

The correct answer is No. 1: sales

The correct answer is `No. 1: sales`