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Your company had sales of $123,482 this year and cost of goods sold of $70,724. The company's depreciation was 8,168, the Net Income was 20,754.
Your company had sales of $123,482 this year and cost of goods sold of $70,724. The company's depreciation was 8,168, the Net Income was 20,754. Cash was 21,979. Accounts Receivable was 12,175 and Inventory was 3,651 You forecast sales to increase to $143,239 next year. Using the percent of sales method, forecast next years Accounts receivable?
NOTE: Submit your answers with 4 decimals after the dot. Do not include the "$" sign
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