This preview shows page 1. Sign up to view the full content.
Unformatted text preview: be used when everything does not increase proportionately with sales. In addition, forecasters generally want to see the resulting ratios, and the balance sheet method is necessary to develop the ratios. In practice, the only time we have ever seen the AFN equation used is to provide (1) a “quick and dirty” forecast prior to developing the balance sheet forecast and (2) a rough check on the balance sheet forecast....
View Full Document
This note was uploaded on 07/13/2011 for the course FIN 4414 taught by Professor Staff during the Spring '08 term at University of Florida.
- Spring '08