LG IncHas 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 much net new financing is needed in the following year?

A) $58 million
B) $60 million
C) $65 million
D) $70 million
E) $75 million