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Basic Question 1 of 12

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
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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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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

calculate and interpret common-size balance sheets and related financial ratios

CFA® 2025 Level I Curriculum, Volume 2, Module 3.