Question

Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.

This year

Sales $ 1,000

Balance Sheet: Assets

Cash $ 150

Short-term investments $ 70

Accounts receivable $ 250

Inventories $ 200

Total current assets $ 670

Net fixed assets $ 450

Total assets $ 1,120

Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar

Answer 1