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The 2016 financial statements of CVS Health Corporation reported sales of $177,526 million and accounts...

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Accounting

The 2016 financial statements of CVS Health Corporation reported sales of $177,526 million and accounts receivable of $12,164 million. If sales are projected to increase 4% next year, what is the projected accounts receivable balance for 2017?

Select one:

A. $13,016 million

B. $12,739 million

C. $12,164 million

D. $12,998 million

E. $13,529 million

Answer & Explanation Solved by verified expert
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