My book does not tell me how to prepare the common-size income/balance sheets. I'm pretty sure I understand how to do the comparative statements, but am completely baffled by common-size. Please help!
Please see ** ATTACHED ** for complete details!!© BrainMass Inc. brainmass.com October 16, 2018, 10:44 pm ad1c9bdddf
The solution contains preparation of common size income statement and common size balance sheet for two financial years for comparative purposes.
Benefits of Common Size Balance Sheets and Income Statements
What are the benefits of preparing and using a common size balance sheet and/or income statement? Why would you use this in your analysis? What are the pros and cons of using this instead of ratios?View Full Posting Details