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Assuming sales growth of 31% this coming year, what is the projected total asset balance at the end of this coming year? (round answer to
Assuming sales growth of 31% this coming year, what is the projected total asset balance at the end of this coming year? (round answer to nearest dollar) Income Statement Last Year Sales $18,923,664 6,432,545 Cost of Goods S&A Expense Depreciation Expense Interest Expense Taxes Net Income Common Stock Dividend 1,509,392 3,220,701 1,521,403 1,682,380 $???????? $500,000 Balance Sheet end of Last Year Assets Cash $4,774,764 Marketable Securities A/R 3,715,502 10,375,610 Inventory 30,988,145 Prepaid Expenses Net Plant and Equipment 4,796,886 Liabilities & Equity Total Assets $???????? A/P $20,599,764 Notes Payable Accrued Expense Bonds Payable Common Stock 4,246,226 Retained Earnings Total L&E 4,752,717 25,653,124 30,349,931 CIEP/APIC 11,758,257 4,779,275 ???????? $????????
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