Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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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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