Maria, the head of finance in a company, asks the managers of every department to submit an operating budget for their respective department. Nick is the production manager. What is the first step that Nick should take in creating a budget for production department? Select a Choice Below current question choices OptionA He should analyze the past history to get information regarding costs of goods sold and sales forecasts. OptionB He should negotiate with Maria to fix an amount and then prepare the budget accordingly. OptionC He should first calculate the leverage ratios to determine how much the firm currently relies on borrowed funds. OptionD He should first calculate the liquidity ratios to determine how quickly the firm can convert assets to cash