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samualson samualson
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6 years ago
Which of the following is the initial and most important step in the preparation of pro forma financial statements?
A) Estimate the levels of investment in current and fixed assets.
B) Determine the rate of interest that will be required for borrowed funds.
C) Project the firm's sales revenues for the planning period.
D) Approximate the cost of raw materials.
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DeanaRayDeanaRay
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6 years ago
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samualson Author
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#2
6 years ago
Thank you for being such a great website leader! Your answer's right.
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