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Using the Percent of Sales Forecasting Method, determine the 2020 balance sheet amounts for Accounts Receivable, Inventory and Long-Term Assets. Sales revenue is expected to
Using the Percent of Sales Forecasting Method, determine the 2020 balance sheet amounts for Accounts Receivable, Inventory and Long-Term Assets. Sales revenue is expected to grow by 10% in 2020. 2019 Sales $400,000 2020 $440,000 Accounts receivable 40,000 Inventory 80,000 ? Long term Assets 300,000
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