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Your company had sales of $121,394 this year and cost of goods sold of $78,409. The company's depreciation was 7,024, the Net Income was 20,842.
Your company had sales of $121,394 this year and cost of goods sold of $78,409. The company's depreciation was 7,024, the Net Income was 20,842. Cash was 24,015. Accounts Receivable was 11,185 and Inventory was 4,078 You forecast sales to increase to $144,741 next year. Using the percent of sales method, forecast next years Inventory? NOTE: Submit your answers with 4 decimals after the dot. Do not include the "$" sign
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