2)Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales...
2)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 | $ | 90 | ||
| Accounts receivable | $ | 200 | ||
| Inventories | $ | 100 | ||
| Total current assets | $ | 540 | ||
| Net fixed assets | $ | 500 | ||
| Total assets | $ | 1,040 | ||
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.
Homework Answers
| Answer: $1,064 | |
| Explanation and Calculation: | |
| Total operating assets [current year] = Cash+Accounts receivable+Inventories+Net fixed assets = 150+200+100+500 = | $ 950 |
| Assuming total operating assets also grow with sales, Projected total operating assets = 950*112% = | $ 1,064 |
| [Operating assets do not include short term investments] |
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2)Berman & Jaccor Corporation's current sales and partial
balance sheet are shown below.
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Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales$1,000Balance Sheet: Assets Cash$ 150 Short-term investments $ 115Accounts receivable $ 250Inventories $ 100Total current assets $ 615Net fixed assets $ 400Total assets $ 1,015 Sales are expected to grow by 14% 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.
Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below....
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