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Title: The percent-of-sales method to prepare a pro forma income statement assumes a firm has no fixed ... Post by: betterway on Mar 6, 2017 The percent-of-sales method to prepare a pro forma income statement assumes a firm has no fixed costs. Therefore, the use of the past cost and expense ratios generally tends to ________ profits when sales are increasing.
A) accurately predict B) overstate C) understate D) have no effect on Title: Re: The percent-of-sales method to prepare a pro forma income statement assumes a firm has no fixed ... Post by: alovely on Mar 6, 2017 Content hidden
Title: Re: The percent-of-sales method to prepare a pro forma income statement assumes a firm has no fixed ... Post by: betterway on Jul 4, 2017 Thank you
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