【单选题】You are comparing the current income statement of a firm to the pro forma income statement for next year. The pro forma is based on a four percent increase in sales. The firm is currently operating at...
A.
The projected net income is equal to the current year's net income.
B.
The tax rate will increase at the same rate as sales.
C.
Retained earnings will increase by four percent over its current level.
D.
Total assets will increase by less than four percent.