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Question 8 Not yet answered Marked out of 2 P Flag question Salalah company's shows...

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Accounting

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Question 8 Not yet answered Marked out of 2 P Flag question Salalah company's shows the following asset information for the last year and the percentage of each item to sales is given. The 2019 Income statement showed a Sales of 3000 OMR. The management forecasted that Sales will increase by 20 % in 2020. BALANCE SHEET 2019 Cash (3%) Receivables (18%) 540 inventory (25%) 90 750 Fixed Assets (35%) 1050 Total Assets 2430 If the percentages of each asset item to Sales will be same as last year, which of the following shows the Total Assets in 2020? Select one: O a. 2600 O b. 2187 c. 2106 d. 2916

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