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Question $9$ of $20$

When modeling a Company's future Balance Sheet for a LBO transaction, which of the following is INCORRECT?

Modeling Accounts Receivable based on Sales or the Sales Growth Rate

Modeling Other Current Assets based on Sales or the Sales Growth Rate

Modeling Accounts Payable based on Sales or the Sales Growth Rate

Modeling Accrued Expenses based on Sales or the Sales Growth Rate

$1$ only

$2$ only

$3$ only

$1$ and $2$

$3$ and $4$