Question

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 $ 200
Short-term investments $ 110
Accounts receivable $ 200
Inventories $ 100
    Total current assets $ 610
Net fixed assets $ 400
    Total assets $ 1,010

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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