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Forecast the accounts receivable for Company XYZ using the following annual information. Receivable days assumption = 55 days Payable days assumption = 69 days Forecasted

Forecast the accounts receivable for Company XYZ using the following annual information.

  • Receivable days assumption = 55 days
  • Payable days assumption = 69 days
  • Forecasted revenue = $263,500
  • Forecasted cost of goods sold = $114,780

49,812

21,698

39,705

17,296

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