Problem $4-2($Algo$)$ Growth and financing $[$LO$4-4]$

Franck Eggelhoffer expects the sales for his clothing company to be $$530,000$ next year. Franck notes that net assets $($Assets $-$

Liabilities$)$ will remain unchanged. His clothing firm will enjoy a $10$ percent return on total sales. He will start the year with $$130,000$ in

the bank.

What will Franck's ending cash balance be$?$

Ending cash balance