Question: When using the percent-of-sales method in forecasting the funds needed, which of the following is not true? Multiple Choice Required new funds increase as assets

When using the percent-of-sales method in forecasting the funds needed, which of the following is not true?

Multiple Choice

Required new funds increase as assets increase.

Required new funds increase as sales decrease.

As the tax rate increases, the required new funds increase.

Required new funds decrease as profit margin increases.

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