Case Information and Requirements Source: Case 9.42 Langfield-Smith, K., Smith, D., Andon, P., Hilton, R. and Thorne, H. 2018, Management Accounting: Information for Creating and Managing Value, 8th edition, McGraw-Hill Education (Australia) Pty Ltd. Universal Electric Company is a small, rapidly growing wholesaler of consumer electrical products. The firm's main product lines are small kitchen appliances and power tools. Marcia Wilcox, Universal's general manager of marketing, has recently completed a sales forecast. She believes that the company's sales during the first quarter of next year will increase by 10 per cent each month over the previous month's sales. Wilcox then expects sales to remain constant for several months. Universal's Cash projected balance sheet as at 31 December this year is as follows: Accounts receivable Marketable securities Inventory $ 35.000 270 000 15 000 154 000 Buildings and equipment (net of acc. depr.) 626 000 Total assets $1 100 000