单选题

In a sales-driven pro forma analysis, retained earnings is most accurately forecasted as:

A、 a percentage of forecasted sales.
B、 previous retained earnings plus forecasted financing surplus or deficiency.
C、 previous retained earnings plus forecasted net income less forecasted dividends.

【正确答案】 C

【答案解析】

Within a sales-driven pro forma analysis, retained earnings is forecasted as previous retained earnings plus forecasted net income less forecasted dividends.