Question: Maxwell is learning the process of preparing pro forma statements. He is unsure which of the following he should estimate first. Identify the correct variable:

Maxwell is learning the process of preparing pro forma statements. He is unsure which of the following he should estimate first. Identify the correct variable: Multiple Choice Additional fixed assets needed Sales projection Net income and retained earnings projections. Desired dividend payments O O Additional fixed assets needed Sales projection O Net income and retained earnings projections. Desired dividend payments Incremental fixed costs

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