Ashbury Corporation reports 2016 and 2017 total revenues of $88.2 million and $100.8 million respectively. If we expect prior growth to persist, we would forecast a revenue growth rate of:

Select one:

a. None of these are correct

b. 11%

c. 14%

d. 13%

e. 28%

A company reported cost of goods sold of $1,653,600 for the year. During the year, inventory increased from a $360,000 beginning balance to a $432,000 ending balance, and accounts payable increased from a $112,800 beginning balance to a $132,000 ending balance. How much cash was paid for merchandise purchased during the year?

Select one:

a. $1,600,800

b. $1,706,400

c. $1,725,600

d. $1,653,600

e. None of these are correct