Find what are the projected spontaneous liabilities

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Projected Spontaneous Liabilities

This year sales $10,000 Balance Sheet:

Smiley Corporation's current sales and partial balance sheet are shown below.

Liabilities

Notes payable$2,000

Accounts payable $1,000

Accruals$1,200

Total current liabilities $4,200

Long-term bonds$2,000

Total liabilities $6,200

Common stock$2,000

Retained earnings$3,000

Total common equity$5,000

Total liabilities & equity$11,200

Problem 1: Sales are expected to grow by 8% 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.

Reference no: EM132824189

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