Question
Using the percent of sales method and assuming that no excess capacity exists, a 20% increase in sales will result in A) a 20% increase
Using the percent of sales method and assuming that no excess capacity exists, a 20% increase in sales will result in
A) a 20% increase in total assets. B) a 20% increase in total liabilities.
C) a 20% increase in retained earnings. D) a 20% increase in the company's profit margin.
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
