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 $ 130 Accounts receivable $ 100 Inventories $ 300 Total current assets $ 730 Net fixed assets $ 400 Total assets $ 1,130 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.
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 $ 130 Accounts receivable $ 100 Inventories $ 300 Total current assets $ 730 Net fixed assets $ 400 Total assets $ 1,130 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.
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter12: Corporate Valuation And Financial Planning
Section: Chapter Questions
Problem 3P: Smiley Corporations current sales and partial balance sheet are shown here. Sales are expected to...
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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 | $ | 200 | ||
| Short-term investments | $ | 130 | ||
| Accounts receivable | $ | 100 | ||
| Inventories | $ | 300 | ||
| Total current assets | $ | 730 | ||
| Net fixed assets | $ | 400 | ||
| Total assets | $ | 1,130 |
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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