A common size financial statement is a useful tool in


A common size financial statement is a useful tool in performance evaluation because it enables the user to:

A. compare one company's performance in different periods.

B. evaluate the direction a business is taking over a longer period of time.

C. evaluate relationships between key components in the financial statements.

D. compare companies of different sizes in the same industry.

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Financial Accounting: A common size financial statement is a useful tool in
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