Lotus fabrics wants to forecast its accounts receivable for the year 2021 with the following annual information. Also state two advantages of forecasting of accounts receivables for the entity....

Extracted text: Lotus fabrics wants to forecast its accounts receivable for the year 2021 with the following annual information. Also state two advantages of forecasting of accounts receivables for the entity. Receivable days assumption = 60 days Payable days assumption = 72 days Forecasted revenue = 325,000 Forecasted cost of goods sold = 180,250 Choices: 51,195 53,425 49,800 41,705