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If sales are projected to increase 2 next year and accounts

This year CVS reported sales of $114,277 million and accounts receivable of $8,175 million. If sales are projected to increase 2% next year and accounts receivable is expected to remain at the same percentage of sales, what is the projected accounts receivable balance for next year?

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Finance Basics: If sales are projected to increase 2 next year and accounts

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