Question

A common-size income statement is useful for - comparing total assets and total liabilities of different firms. - comparing working capital position of firms in different industries. - comparing financial performance of different firms. - comparing cash from investing activities of different firms.

Answer 1

Answer:

comparing financial performance of different firms

Explanation:

According to my research on different income statements, I can say that based on the information provided within the question this type of statement is useful for comparing financial performance of different firms. This is because it provides percentages of the value of revenue or sales. Which can then be compared to the same statistics in other firms regardless of amounts.

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