7 Percent of Sales Method (steps) 1.step:Financial analysis of current period 2.step:Aims formulation for time horizon of FP 3.step: Assessment of basic requirements: a) balance sheet items is most closely linked to sales b) structure of assets and liabilities of current period are adequate to the level of sales 4.step:If 3.b) is not fulfill there is necessary to make correction of balance sheet items of current period.
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