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riease use tne lollowing projecuons Ior Iop-A I Inc.:\ Total sales of

$145,000

\ Cost of goods sold equal to 75.4 percent of sales\ Total expenses equal to 13.4 percent of sales\ Tax rate of 35 percent\ Beginning equity of

$52,600

\ Beginning inventory of

$12,800

\ Age of ending inventory of 60 days\ Minimum cash balance of

$10,600

\ Accounts receivable of 29 days\ Fixed assets of

$60,200

\ Accounts payable of 36 days\ Assume Top-A1 has a dividend payout of 39 percent and that the projected net earnings are

$10,556

. Calculate the projected accounts payable for Top-A1.\ The accounts payable are

$

\ (Round to the nearest dollar.)

riease use tne lollowing projecuons ior Iop-A I Inc.: - Total sales of $145,000 - Cost of goods sold equal to 75.4 percent of sales - Total expenses equal to 13.4 percent of sales - Tax rate of 35 percent - Beginning equity of $52,600 - Beginning inventory of $12,800 - Age of ending inventory of 60 days - Minimum cash balance of $10,600 - Accounts receivable of 29 days - Fixed assets of $60,200 - Accounts payable of 36 days Assume Top-A1 has a dividend payout of 39 percent and that the projected net earnings are $10,556. Calculate the projected accounts payable for Top-A1. The accounts payable are $ (Round to the nearest dollar.)

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