Question: Osisco Exploration Ltd. is operating at full capacity. Which one of the following statements is true concerning the construction of pro forma statements using the

Osisco Exploration Ltd. is operating at full capacity. Which one of the following statements is true concerning the construction of pro forma statements using the percentage of sales approach? * a) Inventory generally varies indirectly with sales. * b) Accounts payable vary directly with sales. * c) The dividend dollar amount is held constant. d) The profit margin tends to vary considerably. * e) Long-term debt is held as a constant percentage of sales

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