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Projected Operating Assets Berman & Jaccor Corporation'scurrent sales and partial balance sheet are shown below....

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 $ 140 Accounts receivable $ 100 Inventories $ 250 Total current assets $ 690 Net fixed assets $ 450 Total assets $ 1,140 Sales are expected to grow by 10% 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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Expert Solution

- Current Total Operating Assets = Total Assets - Short-term investments

Short-term investments = $1140 - $140

Short-term investments = $1000

- Expected Growth rate = 10%

Projected Total Operating Assets = Current Total Operating Assets*(1+Expected Growth rate)

Projected Total Operating Assets = $1000*(1+0.10)

Projected Total Operating Assets = $1100

jeff jeffy answered 2 years ago
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