A firm has targeted a 20 growth in sales this year last, Ask an Expert

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A firm has targeted a 20% growth in sales this year. Last year's cash as a percent of sales was 10%, accounts receivable 30%, and inventory 25%. What percentage growth in current liabilities is required to support the growth in sales under the percent-of-sales forecasting method.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9866647

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