You are examining the common size income statements of two companies, A and B, for 2005. This data is most likely to help you answer which of the following questions?
A)Which company had the largest net income
B)Which company utilized its assets most efficiently
C)Which company had the highest gross margin
D)Which company had the biggest increase in sales from the prior year
Answer:C
You are examining the common size income statements of two companies, A and B, for 2005. This data is most likely to help you answer which of the following questions?
A)Which company had the largest net income B)Which company utilized its assets most efficiently C)Which company had the highest gross margin D)Which company had the biggest increase in sales from the prior year