Which one of the following is not a basic element or component of the percentage of sales approach to long-term financial planning?
A) asset investment requirements
B) internally generated financing
C) spontaneous increases in current liabilities
D) automatic increases in cash inflows

Question

Quizplus · Accepted Answer

The percentage of sales approach includes the consideration of asset investment requirements, internally generated financing, and spontaneous increases in current liabilities. However, there is no component of automatic increases in cash inflows within this approach.

Which One of the Following Is Not a Basic Element