Question: PART I: TOTAL 20 MARKS (2 marks each). State whether the following questions are TRUE, FALSE OR UNCERTAIN. You do not have to justify your
PART I: TOTAL 20 MARKS (2 marks each). State whether the following questions are TRUE, FALSE OR UNCERTAIN. You do not have to justify your answer. 1. The internal and sustainable growth rates will be equal when the firm is 100% equity financed. 2. A common, long-term financial planning horizon would stretch for 15 to 20 years. 3. The primary aim of financial planning is to obtain better forecasts of future cash flows and earnings. 4. Financial plans will succeed only if the forecasts are perfect. 5. A sign that a firm is efficient is high profitability ratios
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