The ________ method assumes that as sales grow, many income statement and balance sheet items will grow, remaining the same percent of sales.
A) percent of income
B) percent of liabilities
C) percent of sales
D) percent of assets

Question

Quizplus · Accepted Answer

The percent of sales method assumes that as sales grow, many income statement and balance sheet items will grow, remaining the same percent of sales. This enables companies to forecast their financial statements based on expected sales figures.

The ________ Method Assumes That as Sales Grow, Many Income