A company's sales for the current year amount to $13,500,000. This is expected to rise by 18% next year. The accounts payable of the company currently stands at $898,000 while accounts receivable is $1,320,000.

Question

What would be the expected accounts payable and receivable at the end of next year? Use the percent of sales method to forecast the answers.

Answer rating: 100% (QA)

forecast the expected accounts payable and receivable at th... View the full answer