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Your company had sales of $104,087 this year and cost of goods sold of $74,741. The company's depreciation was 7,270, the Net Income was 16,937.
Your company had sales of $104,087 this year and cost of goods sold of $74,741. The company's depreciation was 7,270, the Net Income was 16,937. Cash was 24,592. Accounts Receivable was 11,933 and Inventory was 4,743 You forecast sales to increase to $153,838 next year. Using the percent of sales method, forecast next years cost of goods sold?
NOTE: Submit your answers with 4 decimals after the dot. Do not include the "$" sign
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