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Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales...

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 $ 150
    Total current assets $ 590
Net fixed assets $ 400
    Total assets $ 990

Sales are expected to grow by 12% 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.

Solutions

Expert Solution

Projected total operating assets

=(100%+Increase in sales)*(Operating assets)

= 112%*(Operating assets)

= 112%*(200+100+150+400)

= $952

jeff jeffy answered 2 years ago
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