All of the Following Are True About the Use of Common-Size

Multiple Choice

All of the following are true about the use of common-size financial statements except:

A) Financial statement users can use common-size financial statements to compare a company's current financial position to its financial position at some past time.
B) Financial statement users can use common-size financial statements to compare a company's performance over time.
C) Financial statement users can use common-size financial statements to compare a company to different firms of varying size.
D) Financial statement users can use common-size financial statements to analyze financial statements without the distortions of inflation or currency fluctuations.