January 2017
Beginner
500 pages
147h 53m
English
book
Financial Management: Principles and Applications, 13/e
by Sheridan Titman, Arthur J. Keown, John D. Martin
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4.2 Common-Size Statements: Standardizing Financial Information
It is meaningless to compare the individual entries in a firm’s financial statements with those of firms that are not the same size. For example, the inventory balance for Walmart (WMT) would dwarf that of a small retail store. However, we can standardize each firm’s inventory balance by dividing it by the firm’s total assets, resulting in a percentage for each firm that we can then compare. One way to enable such comparisons on a broader scale is by converting the firms’ financial statements to what are referred to as common-size financial statements.
A common-size financial statement is a standardized version of a financial statement in which all entries are presented in percentages. ...
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