Granger Inc

Multiple Choice

Granger Inc.has done a long-term forecast of its balance sheet.Total assets are projected to be $1.5 million and current liabilities are projected to be $750,000.If the firm expects to need $500,000 in net new financing,what are the projected long-term liabilities?

A) $650,000
B) $1,250,000
C) $350,000
D) $450,000
E) $250,000