Question: Typically, the first step in financial forecasting is A. estimating capital expenditures. B. extrapolating major components of the balance sheet. C. projecting revenue growth rates.

Typically, the first step in financial forecasting is

A.

estimating capital expenditures.
B.

extrapolating major components of the balance sheet.
C.

projecting revenue growth rates.
D.

estimating future financing needs and where funds will come from.

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