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 $ 200 Short-term investments $ 90 Accounts receivable $ 250 Inventories $ 150 Total current assets $ 690 Net fixed assets $ 600 Total assets $ 1,290 Sales are expected to grow by
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 $ 200 Short-term investments $ 90 Accounts receivable $ 250 Inventories $ 150 Total current assets $ 690 Net fixed assets $ 600 Total assets $ 1,290 Sales are expected to grow by
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Projected Operating Assets
Berman & Jaccor Corporation's current sales and partial
| This year | ||||
| Sales | $ | 1,000 | ||
| Balance Sheet: Assets | ||||
| Cash | $ | 200 | ||
| Short-term investments | $ | 90 | ||
| Accounts receivable | $ | 250 | ||
| Inventories | $ | 150 | ||
| Total current assets | $ | 690 | ||
| Net fixed assets | $ | 600 | ||
| Total assets | $ | 1,290 |
Sales are expected to grow by 14% 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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