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

Question 1

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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

Correct Answer:

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