Used Auto Sales has sales for this year of $418,000,current liabilities of $190,400,and net working capital of $21,700.The projected sales for next year are $450,000.All current accounts change directly with sales.What is the projected value of current assets for next year?
A)$200,306.56
B)$204,013.11
C)$192,626.23
D)$228,337.32
E)$205,706.56

Question

Quizplus · Accepted Answer

Projected current assets = ($21,700 + $190,400)/ $418,000 × $450,000 = $228,337.32

Used Auto Sales Has Sales for This Year of $418,000,current