Practice Common Size Statements - 3.5.2 | Chapter 3: Financial Statement Analysis – ICSE Class 12 | ICSE Class 12 Accounts
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is the primary function of a Common Size Income Statement?

💡 Hint: Think about how percentages help in comparisons.

Question 2

Easy

How does a Common Size Balance Sheet present data?

💡 Hint: Focus on the total assets as the base amount.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What does a Common Size Statement help analyze?

  • Percentages for comparison
  • Historical trends only
  • Absolute values only

💡 Hint: Think about how comparing fractions can simplify larger numbers.

Question 2

True or False: Common Size Statements can be misleading due to different accounting methods.

  • True
  • False

💡 Hint: Consider the variations of accounting practices and their effects.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Create a Common Size Income Statement based on the following: Revenue - ₹5,000,000, COGS - ₹3,000,000, Operating Expenses - ₹1,000,000. What are the percentages?

💡 Hint: Make sure to divide each expense by total revenue and multiply by 100.

Question 2

Discuss how a company could improve its gross profit margin, illustrated through a comparative Common Size Analysis.

💡 Hint: Think about both sides of the equation: costs and revenue.

Challenge and get performance evaluation