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Question - Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.
This year
Sales $1,000
Balance Sheet: Assets
Cash $150
Short-term investments $70
Accounts receivable $150
Inventories $150
Total current assets $520
Net fixed assets $600
Total assets $1,120
Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets?
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