An aspect of short-term financial planning is forecasting operating ca
An aspect of short-term financial planning is forecasting operating cash flow and ultimately the profitability of the company in the coming period. This type of financial planning typically uses forecasted ________.
A) earnings
B) income statements
C) working capital statements
D) All of these
ANSWER
Answer: B
Explanation: B) An aspect of short-term financial planning is forecasting operating cash flow and ultimately profitability of the company in the coming period. This type of financial planning typically uses forecasted income statements, balance sheets, and statements of cash flow.
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