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

Question

Quizplus · Accepted Answer

The percent of sales method assumes that income statement and balance sheet items will grow proportionally with sales, making it a useful tool for forecasting future financial statements.

The ________ Method Assumes That as Sales Grow, Many Income