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A) Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales $ 1,000 Balance Sheet: Assets Cash $ 100

A)

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

This year
Sales $ 1,000
Balance Sheet: Assets
Cash $ 100
Short-term investments $ 70
Accounts receivable $ 250
Inventories $ 100
Total current assets $ 520
Net fixed assets $ 400
Total assets $ 920

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.

$

B)

Broussard Skateboard's sales are expected to increase by 20% from $7.2 million in 2019 to $8.64 million in 2020. Its assets totaled $2 million at the end of 2019.

Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 7%, and the forecasted payout ratio is 65%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar.

$

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