The ________ method of developing a pro forma income statement forecasts sales and values for the cost of goods sold, operating expenses, and interest expense that are expressed as a ratio of projected sales. None of the above clone of prior item.

Question

Quizplus · Accepted Answer

The correct method is the "percent of sales" method, which is not listed among the options. This method involves forecasting sales and expressing other financial statement items as a percentage of projected sales.

The ________ Method of Developing a Pro Forma Income Statement