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Please answer fully and correctly for a thumbs up Assuming sales growth of 23% this coming year, what is the projected total asset balance at
Please answer fully and correctly for a thumbs up
Assuming sales growth of 23% 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 Balance Sheet end of Last Year Sales $1,973 Assets Liabilities & Equity Cost of Goods 616 Cash $409 AP $2,190 S&A Expense 141 Marketable Securities 1,357 Notes Payable 447 Depreciation Expense 345 AR 288 Accrued Expense 523 Interest Expense 197 Inventory 3,120 Bonds Payable 2,551 Taxes 138 Prepaid Expenses 565 Common Stock 536 Net Income $???????? Net Plant and Equipment 3,157 CIEP/APIC 976 Common Stock Dividend $500,000 Total Assets $???????? Retained Earnings ??????? Total L&E $Step by Step Solution
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