Identify the other name of Common Size Statement, which is one of the tools of analysis of financial statements.
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Shift 31/05/2023 3:30 PM - 6:30 PM
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Detailed Explanation
The other name for the Common Size Statement, which is one of the tools of financial statement analysis, is:
3. Component Percentage Statement
Common Size Statements present financial information in terms of percentages, making it easier to analyze and compare the components of financial statements across different time periods or with other companies. These percentages are often referred to as "component percentages" because they show the proportion of each financial statement item concerning total revenue or total assets, depending on the type of Common Size Statement (income statement or balance sheet).
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