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Eli Lilly is very excited because of Sales for his nursery and plant Company are...

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Accounting

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Eli Lilly is very excited because of Sales for his nursery and plant Company are expected to increase from $740000 to $1.380,000 next year. Elis net assets cassets - Liabilities will remain 50% of sales. His firm will enjoy a 6% return on total sales. He will begin year with $130,000 in the bank and is already bragging about the Jaguar and town house he will by. a.) Does his optimistic out book for his cash position appear to be Justified? the yes or No? b.) compute the likely cash balance for the end of the year, Cash balance =

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