A firm has projected current assets to be $32 million
1. A firm has projected current assets to be $32 million, fixed assets to be $55 million, total liabilities to be $49 million, and owner’s equity to be $7 million. Given this information, what is the discretionary financing need?
| $6 million | |
| $27 million | |
| $31 million | |
| $45 million | |
| $7 million |
2.
A firm has projected current assets to be $205 million, fixed assets to be $605 million, current liabilities to be $188 million, long-term debt to be $461 million, and owner’s equity to be $106 million. Given this information, what is the discretionary financing need?
| $38 million | |
| $9 million | |
| $94 million | |
| $17 million | |
| $55 million |
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