Projected Operating AssetsBerman & Jaccor Corporation's current sales and partial balance sheet are shown below. This yearSales $1,000 Balance Sheet: Assets Cash $150 Short-term investments $130 Accounts receivable $300 Inventories $250 Total current assets $830 Net fixed assets $600 Total assets $1,430 Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar.$

Answered: $ 1,000 Balance Sheet: Assets…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Projected Operating Assets

Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.

	This year
Sales		$	1,000
Balance Sheet: Assets
Cash		$	150
Short-term investments		$	130
Accounts receivable		$	300
Inventories		$	250
Total current assets		$	830
Net fixed assets		$	600
Total assets		$	1,430

Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar.

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Operating assets refers to the those types of assets which are used in the day to day transactions or activities of a business. For example: Cash, inventory, receivables etc.

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