AHG Ltd has done a long-term forecast of its balance sheet. The projected total assets for the next year are $300 million. The current liabilities are projected to be $200 million and other long-term liabilities are $85 million. How much net new financing is needed in the following year?
A)$25 million
B)$55 million
C)$15 million
D)$10 million

Question

Quizplus · Accepted Answer

The Answer of AHG Ltd has done a long-term forecast of its balance sheet. The projected total assets for the next year are $300 million. The current liabilities are projected to be $200 million and other long-term liabilities are $85 million. How much net new financing is needed in the following year?
A)$25 million
B)$55 million
C)$15 million
D)$10 million

AHG Ltd Has Done a Long-Term Forecast of Its Balance