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The 2013 financial statements of CVS Caremark reported sales of $126,761 million and accounts receivable of...

The 2013 financial statements of CVS Caremark reported sales of $126,761 million and accounts receivable of $8,729 million. If sales are projected to increase 3% next year and the percentage of accounts receivable to sales remains the same, what is the projected accounts receivable balance for 2014? $9,139 million $10,928 million $8,729 million $9,009 million $12,532 million

$9,139 million

$10,928 million

$8,729 million

$9,009 million

$12,532 million

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percentage of accounts receivable to sales 7% Projected accounts receivable for 2014-Ş9,139 million (126761 1.03) 7%

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