Smiley Corporation's current sales and partial balance sheet are shown below.     This year Sales   $ 10,000   Balance Sheet: Liabilities         Accounts payable   $ 2,000   Notes payable   $ 2,500   Accruals   $ 1,400       Total current liabilities   $ 5,900   Long-term bonds   $ 2,000       Total liabilities   $ 7,900   Common stock   $ 1,500   Retained earnings   $ 3,000       Total common equity   $ 4,500     Total liabilities & equity   $ 12,400     Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.

Managerial Accounting: The Cornerstone of Business Decision-Making
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
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Smiley Corporation's current sales and partial balance sheet are shown below.

 

  This year
Sales   $ 10,000  
Balance Sheet: Liabilities        
Accounts payable   $ 2,000  
Notes payable   $ 2,500  
Accruals   $ 1,400  
    Total current liabilities   $ 5,900  
Long-term bonds   $ 2,000  
    Total liabilities   $ 7,900  
Common stock   $ 1,500  
Retained earnings   $ 3,000  
    Total common equity   $ 4,500  
  Total liabilities & equity   $ 12,400  

 

Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.

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