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Arctic Cat Dog Sleds is expecting sales of $1,906,012 next year. Arctic Cats ratio of growth CAPEX to new sales is 11%. Given the data
Arctic Cat Dog Sleds is expecting sales of $1,906,012 next year. Arctic Cats ratio of growth CAPEX to new sales is 11%. Given the data in the table, what are total assets next year?
\begin{tabular}{lrr} \hline \multicolumn{4}{c}{ Selected Financial Information } & \\ & Arctic Cat Dog Sleds Inc. & \\ \hline & Last Year & Next Year \\ \hline Sales & 1,767,605 & 1,906,012 \\ Depreciation & 35,147 & \\ \hline Cash and Cash Equivalents & 138,469 & 19,675 \\ Other Current Assets & 327,186 & \\ \hline Total Current Assets & 465,655 & \\ Net PP\&E & 200,901 & \\ Goodwill \& Intangibles & 126,369 & 126,369 \\ \hline Total Assets & 792,925 & \\ \hline \end{tabular}Step by Step Solution
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