LG Inc Has Done a Long-Term Forecast of Its Balance Sheet

Multiple Choice

LG Inc. 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 $170 million and other long term liabilities are $70 million. How net new financing is needed in the following year?

A) $58 million
B) $60 million
C) $65 million
D) $70 million