Question
The following are all true about the percent of sales method: - It is one shortcut that can be used to bypass the pro-forma process
The following are all true about the percent of sales method:
- It is one shortcut that can be used to bypass the pro-forma process
- It assumes that balance sheet items will maintain a given relationship to sales.
- It can be used to analyze various aspects of an income statement (or P&L) to sales
True False
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Financial Management And Policy
Authors: James C. Van Horne
11th Edition
0137512236, 9780137512232
