LG Inc.has done a long-term forecast of its balance sheet.The projected total assets for the next year are $100 million.The current liabilities are projected to be $40 million and other long-term liabilities are $30 million.How much net new financing is needed in the following year?
A)$18 million
B)$22 million
C)$25 million
D)$30 million
E)$10 million

Question

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The Answer of LG Inc.has done a long-term forecast of its balance sheet.The projected total assets for the next year are $100 million.The current liabilities are projected to be $40 million and other long-term liabilities are $30 million.How much net new financing is needed in the following year?
A)$18 million
B)$22 million
C)$25 million
D)$30 million
E)$10 million

LG IncHas Done a Long-Term Forecast of Its Balance Sheet