A common-size income statement expresses depreciation as 5.2 percent. This means that depreciation represents 5.2 percent of
A taxable earnings.
B sales.
C total assets.
D total owners' equity.
E net income.
The amount shareholders are willing to pay for each $1 per share of annual earnings a firm generates is indicated by the
A price-earnings ratio.
B return on assets.
C return on equity.
D DuPont identity.
E equity multiplier.
