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Q5. Which of the following is a limitation of the percent of sales method of preparing pro forma nancial statements? a. A rm's investment in

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Q5. Which of the following is a limitation of the "percent of sales method" of preparing pro forma nancial statements? a. A rm's investment in accounts receivable is seldom related to sales volume. F b. Not all assets and liabilities increase or decrease as a constant percent of sales. (- c. Inventory levels are seldom affected by changes in sales volume. t"

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