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samualson samualson
wrote...
Posts: 2459
5 years ago
Use the "percent of sales method" of preparing pro forma financial statements to determine the projection for next year's inventory. Make the following assumptions: current year's sales are $27,800,000; current year's cost of goods sold is $17,528,000; sales are expected to rise by 30%. The firm's investment in inventory in the current year is $5,890,200. What is the projection for next year's inventory?
A) $7,657,260
B) $6,981,250
C) $5,845,500
D) $4,526,600
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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wrote...
5 years ago
 A
 
samualson Author
wrote...
5 years ago
Thanks for your help!
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