Suppose That Wind Em Corp A) $6,240,000
B) $6,333,333
C) $8,333,333
D) $4,833,000

question 19

Multiple Choice

Suppose that Wind Em Corp. currently has the balance sheet shown as follows, and that sales for the year just ended were $12 million. The firm also has a profit margin of 20 percent, a retention ratio of 30 percent, and expects sales of $22 million next year. If all assets and current liabilities are expected to grow with sales, what is the necessary increase in assets?
$$\begin{array} { l r l r r } \text { Assets } && { \text { Iiabilities ard Equity } } \\\text { Current Assets } & \$ 2,000,000 & \text { Current Liabilities } & \$ 2,500,000 \\\text { Fixed Assets } & 8,000,000 & \text { Long-tern Debt } &1,500,000 \\& & \text { Equity } & 6,000,000 \\\text { Total Assets } & \$ 10,000,000 & \text { Total Liabilities and Equity } & \$ 10,000,000\end{array}$$

Comprehend the impact of policy decisions on the control of current assets.

Familiarize with various short-term financing options and their characteristics.

Understand the role and characteristics of generalist social work practice in family settings.

Identify different family structures and their subsystems.