28.5: Ratios and Common-Size Income Statements

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5 Terms

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Common-Size Income Staetment

expresses each category of the income statement as a % of revenue

2
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Time Series Analysis

comparison of income over time

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Cross-Sectional Analysis

comparison of income across firms

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Effective Tax Rate

tax expense as a % of pretax income

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What does Common-Size Income Statement remove?

the effects of firm size