Common-size financial statements are mostly prepared in which of the following?

In proportion In percentage (a) and (b) both None of the above

In percentage

Common Size Statements: These are the statements which indicate the relationship of different items of a financial statement with a common item by expressing each item as a percentage of that common item. The percentage thus calculated can be easily compared with the results of corresponding percentages of the previous year or of some other firms, as the numbers are brought to common base.