Which of the following is untrue of the percent$-$of$-$sales method?

Which of the following is untrue of the percent$-$of$-$sales method?

It is much easier than tracing through various cash flows to arrive at the pro forma statements

It is a broad$-$brush approach when compared to developing pro forma statements.

The output is less meaningful because it doesn't give the month$-$to$-$month breakdown of data when compared to pro forma statements.

Changes in sales levels is not an important aspect of this method.