Question
Last year Apple reported total sales of $325 billion. It reported total assets of $462 billion. It expects sales to increase by 4% next year.
Last year Apple reported total sales of $325 billion. It reported total assets of $462 billion. It expects sales to increase by 4% next year. If the percentage of total assets to sales is expected to remain constant, calculate the expected amount of total assets for the end of next year.
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
