Which of the following is true about a common size balance sheet?
A. The assets, liabilities, and equities are reported at their market values.
B. The assets, liabilities, and equities are reported as percentages of common stock.
C. The assets, liabilities, and equities are reported as percentages of total assets.
D. The assets, liabilities, and equities are arranged in the alphabetical order.
E. The assets, liabilities, and equities are reported as percentages of the assets, liabilities, and equities of a competing firm.
Answer: C
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