The objective of common size Statement of Profit amp Loss is not to ........

General Accounting Principles Financial statement analysis

The objective of common size Statement of Profit & Loss is not to

Present Changes in Various items of incomes and expenses

Judge the cost items

Establish relationship between revenue from operations and other items of statement of profit & loss

Judge the relative financial soundness for different enterprises

Objectives of common-size income statement are

to analyse change in individual items of statement of profit and loss
to study the trend in different items of revenues and expenses and
to assess the efficiency of the enterprise.
Compare income statements of two or more periods or two or more companies in cases where the size of such companies is not the same
to Judge the cost items