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

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