Question: A pro forma financial statement is a financial statement that: expresses all values as a percentage of either total assets or total sales. compares actual

A pro forma financial statement is a financial statement that:

expresses all values as a percentage of either total assets or total sales.

compares actual results to the budgeted amounts.

compares the performance of a firm to its industry.

projects future years' operations.

values all assets based on their current market values.

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