Multiple Choice
A firm is currently operating at full capacity. Net working capital, costs, and all assets vary directly with sales. The firm does not wish to obtain any additional equity financing. The dividend payout
Ratio is constant at 40 percent. When the firm compiles a pro forma statement, the plug variable is
Most likely going to be:
A) Accounts payable.
B) Long-term debt.
C) Fixed assets.
D) Retained earnings.
E) Common stock.
Correct Answer:
Verified
Correct Answer:
Verified
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