Which of the following statements about the percent-of-salesmethod of financial

Which of the following statements about the percent-of-salesmethod of financial forecasting is true?A. It involves estimating the level of an expense asset orliability for a future period as a percent of the forecast forsales revenues.B. It is the least commonly used method of financialforecasting.C. It is a much more precise method of financial forecasting than acash budget would be. D. It projects all liabilities as a fixedpercentage of sales.