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 $ 300 Inventories $ 200 Total current assets $ 830 Net fixed assets $ 550 Total assets $ 1,380 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
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 $ 300 Inventories $ 200 Total current assets $ 830 Net fixed assets $ 550 Total assets $ 1,380 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 | $ | 130 | ||
| $ | 300 | |||
| Inventories | $ | 200 | ||
| Total current assets | $ | 830 | ||
| Net fixed assets | $ | 550 | ||
| Total assets | $ | 1,380 |
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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