Question: When constructing a pro forma statement, net working capital generally: A. remains fixed. B. varies only if the firm is currently producing at full capacity.

When constructing a pro forma statement, net working capital generally:
A. remains fixed.
B. varies only if the firm is currently producing at full capacity.
C. varies only if the firm maintains a fixed debt-equity ratio.
D. varies only if the firm is producing at less than full capacity.
E.varies proportionally with sales.

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