$1.$ Apple Two Enterprises expects to generate sales of $$5,950,000$ for fiscal $2018$; sales were $$3,450,000$ in fiscal $2017.$ Assume the following figures for the fiscal year ending $2017$: net current assets $$700,000$; accounts receivable $$250,000$; inventory $$400,000$; net fixed assets $$520,000$; accounts payable $$235,000$; and accruals $$155,000.$ Use the percent$-$of$-$sales method to forecast cash for the fiscal year ending $2018.$

Answer rating: 100% (QA)

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