Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. Sales Balance Sheet: Assets Cash $ Short-term investments Accounts receivable Inventories Total current assets Niet fixed assets Total assets This year $1,000 $ 100 $90 $ 300 $250 $740 $400 $1,140 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.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Projected Operating Assets
Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.
Sales
Balance Sheet: Assets
Cash
$
Short-term investments
Accounts receivable
Inventories
Total current assets
Net fixed assets
Total assets
This year
$1,000
$100
$ 90
$ 300
$250
$740
$400
$1,140
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.
Transcribed Image Text:Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. Sales Balance Sheet: Assets Cash $ Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets This year $1,000 $100 $ 90 $ 300 $250 $740 $400 $1,140 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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