Find the inventories for the year 2013, using the percent-of-sales method for projecting financial statements. 2012 Sales:
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Find the inventories for the year 2013, using the percent-of-sales method for projecting financial statements.
2012 Sales: $200M
2013 sales growth rate: 10%
Partial Balance sheet for 2012
Cash: $20M
Accounts Receivable: $15M
Inventories: $25M
Total Current Assets: $60M
Net Fixed Assets: $40M
Total Assets: $100M
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Computation of the following Percentofsales method is nothing but ...View the full answer
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Related Book For 
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
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