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Your company had sales of $124,815 this year and cost of goods sold of $74,970. The company's depreciation was 6,859, the Net Income was 19,597.
Your company had sales of $124,815 this year and cost of goods sold of $74,970. The company's depreciation was 6,859, the Net Income was 19,597. Cash was 25,622. Accounts Receivable was 10,500 and Inventory was 3,810 You forecast sales to increase to $145,967 next year. Using the percent of sales method, forecast next years Cash?
NOTE: Submit your answers with 4 decimals after the dot. Do not include the "$" sign
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