What is the next step in the financial planning process after a firm develops a sales forecast?
A) determine additional funds needed to finance operations
B) determine the assets required to meet the sales target
C) determine the firm's optimal capital structure
D) estimate the degree of operating leverage

Question

Quizplus · Accepted Answer

Determining the assets required to meet the sales target is the next step after developing a sales forecast in the financial planning process. This involves assessing what resources are necessary to achieve the projected sales levels.

What Is the Next Step in the Financial Planning Process