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Homework answers / question archive / Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below
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 | $ | 150 | ||
| Short-term investments | $ | 120 | ||
| Accounts receivable | $ | 200 | ||
| Inventories | $ | 200 | ||
| Total current assets | $ | 670 | ||
| Net fixed assets | $ | 400 | ||
| Total assets | $ | 1,070 | ||
Sales are expected to grow by 8% 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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