A Firm Has Targeted a 40% Growth in Sales This

question 7

Multiple Choice

A firm has targeted a 40% growth in sales this year.Last year's cash as a percent of sales was 15%,accounts receivable 30%,and inventory 35%.What percentage growth in current assets is required to support the growth in sales under the percent-of-sales forecasting method?

• A) 32%
• B) 26%
• C) 18%
• D) Not enough information to tell.

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