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    EricaBrewer's Avatar
    EricaBrewer Posts: 1, Reputation: 1
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    #1

    Jan 29, 2011, 04:12 PM
    Cash Balance
    Philip Morris expects the sales for his clothing company to be $500,000 next year. Philip notes that net assets (Assets - Liabilities) will remain at 50 percent of Sales. His clothing firm will enjoy a 9 percent return on total sales. He will start the year with $100,000 in the bank.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jan 30, 2011, 09:46 AM

    So what is question and what have you attempted to solve?
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