Question: An analyst is estimating a companys external financing needs. The pro forma financial statements showed a large financing need. Which of the following changes to

An analyst is estimating a companys external financing needs. The pro forma financial statements showed a large financing need. Which of the following changes to the companys operating plan would reduce the financing needs?

a. reduce the payable period b. increase the sales growth rate c. increase the dividend payout ratio d. increase COGS as a percentage of sales

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