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5 June, 02:54

LG Inc, has done a long - term forecast of its balance sheet. The projected total assets for the next year are $200 million The current liabilities are projected to be $100 million and other long term liabilities are $70 million. How much net now financing is needed in the following year? A. $30 million B. $22 million C. $25 million D. $18 million

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  1. 5 June, 03:04
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    Financing needed will be $30 million

    So option (a) will be the correct answer

    Explanation:

    We have given projected total assets = $200 million

    Current liabilities = $100 million

    Long term liabilities = $70 million

    We have to find the financing need in this year

    We know that financing needed is given by

    Financing needed = total assets - current liabilities - long term liabilities = $200 - $100 - $70 = $30 million

    So option (a) is correct answer
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