Question

In ‘Common size income statement’ each item is expressed as a percentage of ______.

Options

• Total Income 

• Total Expenses

• Profit After Tax

• Revenue from Operations

Answer 1

In ‘Common size income statement’ each item is expressed as a percentage of revenue from operations.

Explanation:

In a common-size income statement, revenue from operations is treated as 100%, and all expenses are shown as a percentage of revenue from operations.