Question: Pick the correct statement related to pro forma statements from below. Multiple Choice Fixed assets must increase if sales are projected to increase Networking capital

Multiple Choice Fixed assets must increase if sales are projected to increase

Pick the correct statement related to pro forma statements from below. Multiple Choice Fixed assets must increase if sales are projected to increase Networking capital is affected only when a firm's sales are expected to exceed the firm's current production copacity The addition to retained earnings is equal to net income less cash dividends. Long term debt varies directly with sales when a firm is currently operating at maximum copacity Fixed assets must increase if sales are projected to increase Networking capital is affected only when a firm's sales are expected to exceed the firm's current production capacity The addition to retained earnings is equal to net income less cash dividends. Long-term debt varies directly with sales when a firm is currently operating or maximum capacity Inventory changes are not proportional to sales changes

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