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Which one of the following statements is correct in relation to pro forma statements? Multiple Choice Fixed assets must increase if sales are projected to

Which one of the following statements is correct in relation to pro forma statements?

Multiple Choice

Fixed assets must increase if sales are projected to increase.

Net working capital is affected only when a firm's sales are expected to exceed the firm's current production

capacity.

The addition to retained earnings is equal to net income less cash dividends.

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