Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Soporific Games is expecting sales of $782,431 next year. Soporifics ratio of growth CAPEX to new sales is 10%. Given the data in the table,
Soporific Games is expecting sales of $782,431 next year. Soporifics ratio of growth CAPEX to new sales is 10%. Given the data in the table, what are total assets next year?
Selected Financial Information Soporific Games Inc. | ||
| Last Year | Next Year |
Sales | 732,794 | 782,431 |
Depreciation | 22,241 |
|
Cash and Cash Equivalents | 69,893 | 75,277 |
Other Current Assets | 148,857 |
|
Total Current Assets | 218,750 |
|
Net PP&E | 88,464 |
|
Goodwill & Intangibles | 4,022 | 4,022 |
Total Assets | 311,236 |
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started