In a pro forma income statement, why would a finance manager make changes in the prior year's

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In a pro forma income statement, why would a finance manager make changes in the prior year's percentages for different line items? Give an example of a line item that you would expect to vary in percentage every year as sales forecasts grow.

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Financial Management Core Concepts

ISBN: 978-0133866698

3rd edition

Authors: Raymond M Brooks

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Question Posted: Oct 31, 2017 08:20 AM

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In a pro forma income statement, why would a finance manager make changes in the prior year's

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Not all expenses vary directly with sales One ...View the full answer

Financial Management Core Concepts

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