The Percent of Sales Method
1. Project sales revenues and expenses2. Forecast change in spontaneous balance sheet accounts3. Deal with discretionary accounts4. Calculate retained earnings5. Determine total financing needs/assets6. Calculate DFN
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The Percent of Sales Method
1. Project sales revenues and expenses2. Forecast change in spontaneous balance sheet accounts3. Deal with discretionary accounts4. Calculate retained earnings5. Determine total financing needs/assets6. Calculate DFN