Which of the Following Statements About Pro Formas Is True

Which of the following statements about pro formas is true?

A) It is equally important to look at the big picture presented by a pro forma as well as the detailed discussions of the individual components within the pro forma.
B) When studying a pro forma, you should concentrate primarily on the detailed assumptions underlying the pro forma to determine if management is trying to fleece you.
C) When studying a pro forma, you should be concerned only with the big picture presented if you are an external analyst since you are not privy to the minute operational details of
The firm.
D) You can trust pro formas of well-managed companies to be accurate.