QUESTION 9

1. Your company had sales of $113,340 this year and cost of goods sold of $76,997. The company's depreciation was 7,775, the Net Income was 17,785. Cash was 21,852. Accounts Receivable was 9,537 and Inventory was 3,861

   You forecast sales to increase to $137,509 next year.

   Using the percent of sales method, forecast next years cost of goods sold?

   NOTE: Submit your answers with 4 decimals after the dot. Do not include the "$" sign

NOTE: Submit your answers with 4 decimals after the dot. Do not include the "$" sign