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From the following data determine which of the forecasted calculation is corre Years 2019 (actual) Sale $ 10,000 Cash Inventory Accounts receivable 300 700 Accounts

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From the following data determine which of the forecasted calculation is corre Years 2019 (actual) Sale $ 10,000 Cash Inventory Accounts receivable 300 700 Accounts payable 600 Assumptions: Each type of assets and accounts payable grow proportionately with som 500 Which of the following forecasted calculation is correct? Account receivable is $ 500 in 2020 Inventory is $ 500 in 2020 Inventory is $ 840 in 2020 Cash is $ 400 in 2020

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