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Which of the following is one of the situations in which the assumption of constant percentage of sales ratios is not appropriate when constructing pro

Which of the following is one of the situations in which the assumption of constant percentage of sales ratios is not appropriate when constructing pro forma (forecasted) financial statements?

Select one:

a. Likert Scale

b. Bankruptcy

c. Wartime

d. Recessions

e. Lumpy Assets

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