Which of the following is not a step in financial forecasting using the percentage of sales method?
A) Modify or iterate until the forecast makes sense.
B) Determine the financial policy variables of interest.
C) Set all non-financial policy variables as a percentage of sales.
D) Extrapolate the balance sheet based on the percentage of sales.
E) Estimate sustainable growth rate using return on equity times proportion of earnings retained.
Correct Answer:
Verified
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Q8: Which of the following statements is incorrect?
A)
Q9: A company with a return on equity
Q11: The correct order of steps from beginning
Q12: Accruals and payables that arise during the
Q13: Risk management that views the business enterprise
Q14: The specification of how much risk a
Q15: Which of the following is incorrect?
A) Financial
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