50% on 1200,000

how i account

can you explain for me how 300000 ??

1. Growth and financing (1.04) Eli Lilly is very excited because sales for his nursery and plant company are expected to double from 5600,000 to $1,200,000 next year. Eli notes that net assets (Assets - Liabilities) will remain at 50 percent of sales. His firm will enjoy an 8 percent return on total sales. He will atart the year with $120,000 in the bank and is braggings about the Jaguar and luxury townhouse he will buy. Does his optimistic outlook for his eash position appear to be correct? Compute his likely cush balance or deficit for P the end of the year. Start with bepinning cash and subtract the asset buildup (equal to 50 pervent of the sales increase) and add in profit