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Question
The CFO of Twine Enterprises expects sales to increase from $8,000,000 in 2010 to $12,000,000 in 2011. Current assets in 2010 are equal to $5,000,000. Using the percent of sales method, projected current assets for 2011 are equal toA) $5,500,000.
B) $7,083,333.
C) $9,000,000.
D) $7,500,000.
Answer
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