Granger Inc

question 13

Multiple Choice

Granger Inc.has done a long-term forecast of its balance sheet.Total assets are projected to be $800,000 and other long-term liabilities are $300,000.If the firm expects to need $150,000 in net new financing,what are the projected current liabilities?

• A)$650,000
• B)$150,000
• C)$350,000
• D)$450,000
• E)$250,000

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Definitions:

Ethics

Ethics refers to the moral principles that govern a person's behavior or the conduct of an activity.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, presented in a structured manner.