4. All of the following steps should be taken when projecting net worth EXCEPT: A.Proiect the growth in earnings B.Proiect the dividend payout ratio C.Proiect anticipated changes in other comprehensive income D.Proiect growth in capital stock at historical rates 5. Which of the following steps should be performed when preparing a projected financial statement to analyze a request for a new term loan? 1. Analyze the company's historical operating performance II. Assess the company's key industry risks III. Learn about management's business plans IV. Obtain a monthly cash budget C A.I & III B.I & IV C.I, II & III C D.I, II, III & IV 6. When preparing a set of financial projections on a company, which variable is the most important in determining future financial condition and performance? C A.The level of projected debt C B.The level of sales C.The turnover of receivables D.The net operating profit margin C C