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*Please provide complete correct answers with detailed work shown * Use the percentage of sales method to forecast the financial line items identified in the

*Please provide complete correct answers with detailed work shown * image text in transcribed
Use the percentage of sales method to forecast the financial line items identified in the problem. Forecasted sales- Forecasted value current percent of sales x 4. forecasted sales. Current Percent of Sales Forecasted 50.00% a. Costs b. Depreciation c. Net Income d. Cash e. Accounts Receivable f. Inventory g. Property, Plant, and Equipment 3.00% 30.42% 7.50% 1.00% 2.00% 5.00% Each of the financial line items will grow in proportion to forecasted sales. Use the percentage of sales method to forecast the financial line items identified in the problem. Forecasted sales- Forecasted value current percent of sales x 4. forecasted sales. Current Percent of Sales Forecasted 50.00% a. Costs b. Depreciation c. Net Income d. Cash e. Accounts Receivable f. Inventory g. Property, Plant, and Equipment 3.00% 30.42% 7.50% 1.00% 2.00% 5.00% Each of the financial line items will grow in proportion to forecasted sales

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