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Italia Mart is anticipating growth in sales of 40% for year. Sales are currently at $800,000. Total assets are $650,000 (comprised of cash of $70,000,
Italia Mart is anticipating growth in sales of 40% for year. Sales are currently at $800,000. Total assets are $650,000 (comprised of cash of $70,000, inventory of $230,000, accounts receivable of $100,000, buildings of $200,000, and equipment of $50,000.) Spontaneous liabilities are $120,000. Italia is currently operating at 80% capacity. By what amount aretotal assets expected to increase next year?
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