Which one of the following are you most apt to estimate first as you begin the process of preparing pro forma statements?
A) Need for additional fixed assets
B) Current fixed costs
C) Projected sales
D) Desired net income
E) Desired dividend payments

Question

Quizplus · Accepted Answer

Projected sales are the starting point for preparing pro forma statements as they will determine the amount of revenue available to cover costs and expenses, and ultimately yield net income.

Which One of the Following Are You Most Apt to Estimate