Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This yearSales $1,000 Balance Sheet: Assets Cash $200 Short-term investments $130 Accounts receivable $300 Inventories $250 Total current assets $880 Net fixed assets $550 Total assets $1,430 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.

Total Operating Assets = (cash + Accounts Receivables + Inventories + Net Fixed Assets) Given growth…

Answered: Berman & Jaccor Corporation's current…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter4: Financial Planning And Forecasting

Section: Chapter Questions

Problem 10P

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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		$	300
Inventories		$	250
Total current assets		$	880
Net fixed assets		$	550
Total assets		$	1,430

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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