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Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales $ 1,000 Balance Sheet: Assets Cash $ 200 Short-term
Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.
This year | ||||
Sales | $ | 1,000 | ||
Balance Sheet: Assets | ||||
Cash | $ | 200 | ||
Short-term investments | $ | 85 | ||
Accounts receivable | $ | 250 | ||
Inventories | $ | 300 | ||
Total current assets | $ | 835 | ||
Net fixed assets | $ | 450 | ||
Total assets | $ | 1,285 |
Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets?
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