For the current year sales are $1,400,000, current assets are $101,524, and current liabilities are $85,265. If sales a...

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For the current year sales are $1,400,000, current assets are $101,524, and current liabilities are $85,265. If sales are for

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Answer 1

Answer #1

Forecasted current asset =101524*112% =1137607

Forecasted current liability=85265*112% =95497

NWC =CA-CL =18,210

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Answer 2

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For the current year sales are $1,400,000, current assets are $101,524, and current liabilities are $85,265. If sales a...