Part A:
ABC started the year with 3,459,000 of net fixed assets and ended the year with 2,991,000 of net fixed assets. Depreciation expenses during the year were 451,000. How much gross fixed assets did ABC buy or sell during the year? (If they sold assets, be sure and put a negative sign in front of the answer).
Part B:
This year, ABC expects sales of $132,548,000 and a gross profit margin of 24.3 percent this year, along with an Inventory Turnover Ratio (COGS Basis) of 6.10. What is ABC's projected level of inventory, given these numbers?
Part C:
ABC Company's Days Sales Outstanding (DSO) is expected to change next year from 40.3 days to 49.2 days, although annual sales are expected to stay constant at $7,000,000 per year. Given this change in the DSO, by how much will Accounts Receivable change next year? Show your answer to the nearest dollar, and if it is negative, show a negative sign (e.g., 123456 or -123456).