Business, 16.03.2020 19:37 mimi19374

The AFN equation assumes that the ratios of assets and liabilities to sales remain constant over time. However, this assumption can be relaxed when we use the forecasted financial statement method. Three conditions where constant ratios cannot be assumed are economies of scale, lumpy assets, and excess capacity. A. TrueB. False

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The AFN equation assumes that the ratios of assets and liabilities to sales remain constant over tim...

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