Question
The 2013 financial statements of CVS Caremark reported sales of $126,761 million and accounts receivable of $8,747 million. If sales are projected to increase 3%
The 2013 financial statements of CVS Caremark reported sales of $126,761 million and accounts receivable of $8,747 million. If sales are projected to increase 3% next year, what is the projected accounts receivable balance for 2014?
Select one:
A. $ 9,139 million
B. $10,928 million
C. $12,532 million
D. $ 8,729 million
E. $ 9,009 million
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
14th Canadian edition
134613112, 134835018, 9780134885254 , 978-0134613116
