Question: You are estimating your companys external financing needs for the next year. Your first-pass pro forma financialstatements showed a large financing deficit for next year.

You are estimating your companys external financing needs for the next year. Your first-pass pro forma financialstatements showed a large financing deficit for next year. Which of the following changes to your companysoperating plan would reduce the financing deficit if incorporated in revised pro forma financial statements?Increase the sales growth rate.Increase cost of goods sold as a percentage of sales.Reduce the collection period.Increase the dividend payout ratio.None of the options are correct.

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