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1) What is generally the first step in the financial planning process? 2) A firm has current sales of $272,600 with total assets of $311,000.

1) What is generally the first step in the financial planning process?

2) A firm has current sales of $272,600 with total assets of $311,000. What is the full-capacity capital intensity ratio if the firm is currently operating at 68 percent capacity?

3) What is generally considered when compiling a financial plan?

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