The following are all true about the percent of sales, Financial Management

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The following are all true about the percent of sales

The following are all true about the percent of sales method:

- It is one shortcut that can be used to bypass the pro-forma process

- It assumes that balance sheet items will maintain a given relationship to sales.

- It can be used to analyze various aspects of an income statement (or P&L) to sales

True False

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Financial Management: The following are all true about the percent of sales

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