1. For a given account (or quantity) being projected forward, what are three possible ways to project the account's values?

a. A directive from a company's board, CEO or CFO.

b. Assume that the account or quantity will continue to be a stable % of the entity's revenue

c. Assume that an account or quantity will continue to be a stable % of the entity's total assets

d. An accounting formula or equation

e. Assume that the account or quantity will continue to be a stable % of the entity's Net Income

f. A poll of financial stakeholders

g. A survey of customer sentiment

2. For the Sahale Snacks example, what Big Question does the CFO want answered?

a. EOY Cash Balances

b. EOY Debt Balances

c. The amount of Paid in Capital (share issuance) needed

d. Net Income for the next two years

e. Capital expenditures for the next two years

3. In the Sahale example, which two quantities will NOT project as a constant % of Sales?

a. COGS

b. Other Current Assets

c. AR

d. Net Income

e. SGA

f. Accrued Liabilities

g. Dividends