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Just need help with M11-16 about forecasting the balance sheet. The question refers to information in M11-13, that is why I included those pictures too
Just need help with M11-16 about forecasting the balance sheet. The question refers to information in M11-13, that is why I included those pictures too
11-16. Forecasting the Balance Sheet (LO3, 4) 11-13. Assume the forecast of 2014 net Sales is Refer to the General Mills, Inc. information in $18,662.8 million. Use the following financial statement relations to forecast General Mills' inventories, and accounts payable as of the end of May 2014. 2014 Year-end receivables/Net sales 8.1% Year-end inventories/Net sales 8.7% Year-end accounts payable/Net sales 8.0%Step by Step Solution
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