Multiple Choice
External funding requirements can be estimated using an equation called the EFR relationship. The simple concept behind this equation is that funds will be needed to the extent of forecasted:
A) growth in assets minus new retained earnings.
B) growth in sales minus all current liabilities minus all retained earnings.
C) assets minus current liabilities minus new retained earnings.
D) growth in assets minus growth in current liabilities minus new retained earnings.
Correct Answer:
Verified
Correct Answer:
Verified
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