LG Inc Has Done a Long-Term Forecast of Its Balance Sheet

question 4

Multiple Choice

LG Inc. has done a long-term forecast of its balance sheet. The projected total assets for the next year are $100 million. The current liabilities are projected to be $40 million and other long term liabilities are $30 million. How much net new financing is needed in the following year?

• A) $18 million
• B) $22 million
• C) $25 million
• D) $30 million

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Definitions:

Products/Services

The offerings provided by businesses to meet the needs or wants of consumers, encompassing both physical goods and intangible services.

Firm's Location

The geographical placement of a business's operations, which can significantly impact its accessibility, costs, and market reach.

Mission Statement

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Corporate Philosophy

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