The percent-of-sales method of developing a pro forma income statement forecasts sales and other line items as a ________.

Name: The percent-of-sales method of developing a pro forma income statement forecasts sales and other line items as a ________.
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The percent-of-sales method uses a percentage of projected sales to forecast other line items on the income statement, such as expenses and net income. This method assumes that these line items will remain a constant percentage of sales over time.

The Percent-Of-Sales Method of Developing a Pro Forma Income Statement