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Albert Corporation estimates above the business needs 4 percent of revenues as a cash balance, 1 1 percent of revenues as an inventory balance, 6
Albert Corporation estimates above the business needs percent of revenues as a cash balance, percent of revenues as an inventory balance, percent of revenues an accounts payable balance, and percent of revenues as accrued expenses balance. All these balances would be needed at the beginning of each year and are estimated from the yearend annual estimates of revenues and cash expenses given below:
Year
Revenues
$
$
$
Please calculate the account balances for cash, inventory, accounts payable, and accrued expenses for years
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