Question: 18. Problem 12-02 (Projected Operating Assets) Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales
18. Problem 12-02 (Projected Operating Assets) 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 $ 200
Short-term investments $ 100
Accounts receivable $ 100
Inventories $ 150
Total current assets $ 550
Net fixed assets $ 450
Total assets $ 1,000
Sales are expected to grow by 10% 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. $_________
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