You have hired a financial consultant to help you develop pro forma fi
You have hired a financial consultant to help you develop pro forma financial statements. She projects accounts receivable as “7 days of net sales”.
The projected information belongs on the ________ and you need information from the ________ to estimate the dollar value.
A) balance sheet; income statement
B) balance sheet; balance sheet
C) income statement; income statement
D) income statement; balance sheet
ANSWER
A
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