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Problem 6-6 (similar to) Please use the following projections for Top-A1 Inc.: Total sales of $146,000 Cost of goods sold equal to 74.5 percent of

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Problem 6-6 (similar to) Please use the following projections for Top-A1 Inc.: Total sales of $146,000 Cost of goods sold equal to 74.5 percent of sales Total expenses equal to 14.9 percent of sales Tax rate of 35 percent Beginning equity of $48,300 Beginning inventory of $12,700 Age of ending inventory of 62 days Minimum cash balance of $9,700 Accounts receivable of 30 days Fixed assets of $62.900 Accounts payable of 37 days Assume Top-A1 has a dividend payout of 45 percent and that the projected net earnings are $10,050. Calculate the projected accounts payable for Top A1 The accounts payable are $ 11026). (Round to the nearest dollar)

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