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Unformatted text preview: When both these components are alliance (group together), a common size financial statement is obtained *********Advantages ********* **More detailed statement (more information revealed) ** Percentage assets of any company can be compared to another company ** Removes any kind of bias, while comparing and analyzing companies ** Changes in different values pertaining to company's performance can also be ascertained during a particular period ** Used for predicting future trends and analyzing prevailing trends in the industry....
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- Spring '11