1. Compiling pro forma income statements for a project can allow the financial managers of a firm to see:

   1. the dollar changes in the sales revenue over a period of time.
   2. the effect that depreciation has on the net income for each time period.
   3. the difference between EBIT and net income.
   4. a comparison of fixed versus variable costs.

   	a.	I and III only
   	b.	II and IV only
   	c.	II, III, and IV only
   	d.	I, II, and III only
   	e.	I, II, III, and IV