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 $ 110 Accounts receivable $ 250 Inventories $ 250 Total current assets $ 760 Net fixed assets $ 400 Total assets $ 1,160 Sales are expected to grow by 8% 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 $ 150 Short-term investments $ 110 Accounts receivable $ 250 Inventories $ 250 Total current assets $ 760 Net fixed assets $ 400 Total assets $ 1,160 Sales are expected to grow by 8% 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.
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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Berman & Jaccor Corporation's current sales and partial
| This year | ||||
| Sales | $ | 1,000 | ||
| Balance Sheet: Assets | ||||
| Cash | $ | 150 | ||
| Short-term investments | $ | 110 | ||
| Accounts receivable | $ | 250 | ||
| Inventories | $ | 250 | ||
| Total current assets | $ | 760 | ||
| Net fixed assets | $ | 400 | ||
| Total assets | $ | 1,160 |
Sales are expected to grow by 8% 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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