1). Your company had sales of $110,276 this year and cost of goods sold of $77,271. The company's depreciation was 7,301, the Net Income was 16,696. Cash was 21,753. Accounts Receivable was 12,413 and Inventory was 5,495 You forecast sales to increase to $153,736 next year. Using the percent of sales method, forecast next years Accounts receivable? NOTE: Submit your answers with 4 decimals after the dot

2). Your company had sales of $115,605 this year and cost of goods sold of $81,423. The company's depreciation was 6,666, the Net Income was 16,560. Cash was 22,820. Accounts Receivable was 10,854 and Inventory was 4,529

You forecast sales to increase to $148,301 next year.

Using the percent of sales method, forecast next years Inventory?

NOTE: Submit your answers with 4 decimals after the dot.