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Find what percentage growth in current assets is required

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Reference no: EM132547312

Question 1: 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?

Reference no: EM132547312

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