× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
samualson samualson
wrote...
Posts: 2459
Rep: 13 0
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:
Read 58 times
2 Replies

Related Topics

Replies
wrote...
#1
5 years ago
 A
 
samualson Author
wrote...
#2
5 years ago
Thanks for your help!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1306 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 201
  
 1051
  
 343
Your Opinion
Who's your favorite biologist?
Votes: 586
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?