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QUESTION 18 This year CVS reported sales of $126,650 million and accounts receivable of $10,688 million. If sales are projected to increase 3% next year

QUESTION 18

This year CVS reported sales of $126,650 million and accounts receivable of $10,688 million. If sales are projected to increase 3% next year and accounts receivable is expected to remain at the same percentage of sales, what is the projected accounts receivable balance for next year?

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