Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales$10,000 Balance Sheet: Liabilities
Fantastic news! We've Found the answer you've been seeking!
Question:
Smiley Corporation's current sales and partial balance sheet are shown below.
This year
Sales$10,000Balance Sheet: Liabilities
Accounts payable$1,500
Notes payable$2,500
Accruals$1,200
Total current liabilities$5,200
Long-term bonds$2,000
Total liabilities$7,200
Common stock$1,000
Retained earnings$3,000
Total common equity$4,000
Total liabilities & equity$11,200
Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.
$ ____________
Posted Date: