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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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