Which of the following items is not a basic policy element for a firms financial planning?

Select one:

a. capital budgeting decisions

b. asset management policy

c. capital structure policy

d. dividend policy

e. working capital decisions

In using the percentage of sales approach to financial planning, which of the following Statement of Financial Position items is not normally assumed to increase proportionally with sales?

Select one:

a. inventory

b. notes payable

c. accounts payable

d. cash

e. net fixed assets

The capital intensity ratio is calculated as

Select one:

a. (total debt + total equity) / sales.

b. 1 / total asset turnover.

c. total assets / sales.

d. b and c.

e. a, b, and c.