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  3. part d. and e. 1. what does the company report fo

part d. and e. 1. What does the company report for the following accounts...

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Accounting

imagepart d. and e.

1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. a. Net sales* 555,233 b. Beginning inventory 44,435 c. Cost of sales 420,315 d. Ending inventory 44,949 *Be sure to exclude other revenue accounts. 2. Assume that the company projects the following: Net sales and cost of goods sold will increase by 3% in the next fiscal year. Purchases are expected to be 106% of projected cost of sales. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances: Round your answer to the nearest million. a. Net sales 571,890 b. Purchases 458,899 X c. Cost of sales 432,924 d. Beginning inventory 44,435 x e. Ending inventory 44,949 X

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