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Your company had sales of $110276 this year and cost of goods sold of $77271. The company's depreciation was 7301, the Net Income was 16696.

Your company had sales of $110276 this year and cost of goods sold of $77271. The company's depreciation was 7301, the Net Income was 16696. Cash was 21753. Accounts Receivable was 12413 and Inventory was 5495 You forecast sales to increase to $153736 next year. Using the percent of sales method, forecast next years Accounts receivable?

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