- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 7. Company Analysis: Forecasting
- Subject 3. Forecasting Operating Expenses and Working Capital
CFA Practice Question
Which financial statement is essential for estimating COGS and SG&A expenses?
B. Balance sheet
C. Cash flow statement
D. Statement of retained earnings
A. Income statement
B. Balance sheet
C. Cash flow statement
D. Statement of retained earnings
Correct Answer: A
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