Charlotte's has current sales of $122,000,current liabilities of $16,400,and net working capital of $2,100.The projected sales for next year are $134,000.All net working capital accounts change directly with sales.What is the projected value of current assets for next year?
A)$2,306.56
B)$18,013.11
C)$22,626.23
D)$20,319.67
E)$15,706.56

Question

Quizplus · Accepted Answer

Projected current assets = ($16,400 + 2,100)/$122,000 × $134,000 = $20,319.67

Charlotte's Has Current Sales of $122,000,current Liabilities of $16,400,and Net