In creating pro forma statements, if we assume that costs, assets, and short-term debt vary directly with changes in sales, that the payout ratio is fixed, and that the change in long-term debt only results from payments made as required on the debt contracts, then the item required for the balance sheet to balance will probably be;A) Dividends.;B) Total debt.;C) Long-term debt.;D) New equity sales.;E) Retained earnings.
Paper#32765 | Written in 18-Jul-2015Price : $25