Which one of the following statements is NOT true about financial planning models?
A) Financial statements serve as the first major input and become the baseline to compare the projected financial statements.
B) Macroeconomic forecasts and their impact on the firm's sales are also included.
C) Investment and financing decisions are not considered as inputs.
D) Changes in the firm's balance sheet and income statement items as a result of the growth in sales are also used in these models.
Correct Answer:
Verified
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