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borteleto borteleto
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5 years ago
Which of the following is a limitation of the "percent of sales method" of preparing pro forma financial statements?
A) A firm's investment in accounts receivable is seldom related to sales volume.
B) Not all assets and liabilities increase or decrease as a constant percent of sales.
C) Inventory levels are seldom affected by changes in sales volume.
D) The dividend payout ratio may change from one year to the next.
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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Marc18Marc18
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5 years ago
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borteleto Author
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5 years ago
Brilliant ツ
DAGINC
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Yesterday
this is exactly what I needed
jbarnett14
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2 hours ago
Smart ... Thanks!
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