Predicting a firm's future financial needs includes all of the following steps EXCEPT
A) review of the firm's sales revenues and expenses over all past planning periods.
B) estimation of investment levels for current and fixed assets.
C) estimation of projected sales and expenses.
D) determination of the firm's financing needs for the period.
Question 2
A company concerned about the liquidity of its near-cash securities should invest in U.S. Treasury
bills because the secondary market for U.S. Treasury bills is excellent.
Indicate whether the statement is true or false
Review of Systems ROS Cont.
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Financial Management 4th Edition (Cengage)