Question
Using the percent of sales method and assuming that no excess capacity exists, a 20% increase in sales will result in a 20% increase in
Using the percent of sales method and assuming that no excess capacity exists, a 20% increase in sales will result in
a 20% increase in retained earnings.
a 20% increase in total assets.
a 20% increase in total liabilities.
a 20% increase in the company's profit margin.
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
