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When constructing a pro forma statement, net working capital generally: A. remains fixed. B. varies only if the firm is currently producing at full capacity.
When constructing a pro forma statement, net working capital generally:A. remains fixed. B. varies only if the firm is currently producing at full capacity.C. varies only if the firm maintains a fixed debt-equity ratio. D. varies only if the firm is producing at less than full capacity.E.varies proportionally with sales.
A. remains fixed.
B. varies only if the firm is currently producing at full capacity.
C. varies only if the firm maintains a fixed debt-equity ratio.
D. varies only if the firm is producing at less than full capacity.
E.varies proportionally with sales.
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Understanding Financial Statements
Authors: Lyn Fraser, Aileen Ormiston
11th edition
978-0133874037
