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Author Question: Which of the following is a limitation of the percent of sales method of preparing pro forma ... (Read 82 times)

a0266361136

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on: Jul 10, 2018
Which of the following is a limitation of the percent of sales method of preparing pro forma
  financial statements?
 
  A) Inventory levels are seldom affected by changes in sales volume.
  B) A firm's investment in accounts receivable is seldom related to sales volume.
  C) Not all assets and liabilities increase or decrease as a constant percent of sales.
  D) The dividend payout ratio may change from one year to the next.

Question 2

An extremely liquid asset is one that can be sold for cash quickly without a reduction in price
  below its current market value.
 
  Indicate whether the statement is true or false


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mmj22343

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Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


a0266361136

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Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

dreamfighter72

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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