Your company had sales of $102,493 this year and cost of goods sold of $78,963....
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Accounting
Your company had sales of $102,493 this year and cost of goods sold of $78,963. The company's depreciation was 6,547, the Net Income was 19,865. Cash was 26,885. Accounts Receivable was 10,970 and Inventory was 5,035 You forecast sales to increase to $141,345 next year. Using the percent of sales method, forecast next years Accounts receivable?
NOTE: Submit your answers with 4 decimals after the dot.
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