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Your company had sales of $114,430 this year and cost of goods sold of $79,885. The company's depreciation was 8,376, the Net Income was 15,267.
Your company had sales of $114,430 this year and cost of goods sold of $79,885. The company's depreciation was 8,376, the Net Income was 15,267. Cash was 25,843. Accounts Receivable was 10,737 and Inventory was 5,078 You forecast sales to increase to $150,874 next year. Using the percent of sales method, forecast next years Inventory?
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