Multiple Choice
The percentage of sales approach to financial planning requires:
A) All assets and liabilities change at the same rate as sales.
B) The dividend policy remains unchanged from year to year.
C) The firm is operating at full capacity.
D) Separating accounts into those that vary with sales and those that do not.
E) The firm's sales to increase each year.
Correct Answer:
Verified
Correct Answer:
Verified
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