In constructing a common-size income statement, depreciation will be______. A. omitted since it is a noncash expense. B. express
ed as a percentage of sales. C. added back to convert net income to cash flows. D. expressed as a percentage of total assets. E. expressed as a percentage of gross fixed assets.
The common size income statement is the income statement where n each line the item on the income statement should be expressed as a percentage of sales
In the given options, the option B is correct as it shows that the depreciation would be expressed in sales percentage
<span>"C. Strategies facilitate objectives" This is true because there's a series of objectives that must be completed within any strategy, and the other options can be true however not for every strategy.</span>
