In: Accounting
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 $ 150
Short-term investments $ 70
Accounts receivable $ 250
Inventories $ 200
Total current assets $ 670
Net fixed assets $ 450
Total assets $ 1,120
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