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28. What key criterion drives projections of sales in a three-statement model? Expense CAGR Expense ETF Sales CAGR Sales ETF 29. How would you calculate

28. What key criterion drives projections of sales in a three-statement model?

  • Expense CAGR
  • Expense ETF
  • Sales CAGR
  • Sales ETF

29. How would you calculate the changes in working capital on the statement of cash flows from data in the balance sheet?

  • Find the change in the difference between current assets and current liabilities.
  • Find the difference between the current assets and the total cash from operations.
  • Find the sum of the current assets and the current liabilities.
  • Find the sum of the accumulated depreciation and the change in inventory.

30. What do you subtract interest expense from to get net income before taxes?

  • operating income
  • operating expenses
  • total operating expenses
  • total revenue

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