EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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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 $ 125
Accounts receivable $ 250 Inventories $ 100
Total current assets $ 625 Net fixed assets $
600 Total assets $ 1,225 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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Transcribed Image Text: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 $ 125 Accounts receivable $ 250 Inventories $ 100 Total current assets $ 625 Net fixed assets $ 600 Total assets $ 1,225 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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