Smiley Corporation's current sales and partial balance sheet are shown below. Sales Balance Sheet: Liabilities Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total abilities & equity This year $10,000 $ 2,000 $ 2,500 $1,200 $ 5,700 $ 2,000 $ 7,700 $1,000 $ 2,000 $ 3,000 $10,700 Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do no round intermediate calculations. Round your answer to the nearest dollar
Smiley Corporation's current sales and partial balance sheet are shown below. Sales Balance Sheet: Liabilities Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total abilities & equity This year $10,000 $ 2,000 $ 2,500 $1,200 $ 5,700 $ 2,000 $ 7,700 $1,000 $ 2,000 $ 3,000 $10,700 Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do no 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
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Transcribed Image Text:Liabilities
Smiley Corporation's current sales and partial balance sheet are shown below
Sales
Balance Sheet: Liabilities
Accounts payable
Notes payable
Accruals
Total current liabilities
Long-term bonds
Total liabilities
Common stock
Retained earnings
Total common equity
Total abilities & equity
This year
$10,000
$ 2,000
$ 2,500
$ 1,200
$ 5,700
$ 2,000
$ 7,700
$1,000
$2,000
$ 3,000
$10,700
Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not
round intermediate calculations. Round your answer to the nearest dollac
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