Generally, the pro forma income statement and balance sheet must be created before the cash budget is completed.
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Q30: A lower dividend payout ratio will decrease
Q31: Making the pro-forma financial statements as complicated
Q32: The purpose of pro-forma financial statements is
Q33: Compared to a firm operating at 100%
Q34: A firm that is currently operating at
Q36: The percent-of-sales method would be more accurate
Q37: The percent-of-sales method would not result in
Q38: A pro forma balance sheet needs data
Q39: As the dividend payout ratio declines, more
Q40: The percent-of-sales forecast is likely to be
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