Question: A straightforward technique for constructing a pro forma income statement is the percent-of-sales method. This method involves predicting sales and subsequently representing different income

A straightforward technique for constructing a pro forma income statement is the percent-of-sales method.

A straightforward technique for constructing a pro forma income statement is the percent-of-sales method. This method involves predicting sales and subsequently representing different income statement elements as -. The percentages employed are typically based on the proportions of sales for those items in the preceding year. O a. percentages of the projected sales O b. percentages of the projected expense O c. percentages of the projected cost of good sold O d. percentages of the projected equity

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