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The fiscal 2018 year-end values in company A financial accounts are below. Accounts payable Account receivable 1260 Cash 865 Common Stock 8800 Cost of goods
The fiscal 2018 year-end values in company A financial accounts are below. Accounts payable Account receivable 1260 Cash 865 Common Stock 8800 Cost of goods sold 4673 Depreciation expense 1590 Net property Plant & Equipment 16085 Interest Expense 312 Inventory 2888 Long-Term Debt 5000 Short-Term Notes Payable 300 Retained Earnings 2377 Sales Revenue 19385 SG&A Expense 2600 2018 Tax Rate 21% Net Working Capital 2020 end $392 Rention Ratio 70%) Forecast the 2019 financial statements. Also calculate percent of sales for all line items that vary with sales
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