Below Is Selected Data for Gertup Corporation as of 12/31/05

Below is selected data for Gertup Corporation as of 12/31/05:
$$\begin{array} { l r } \text { Total assets } & \$ 5,500 \\\text { Current assets } & 2,750 \\\text { Long-term debt } & 450 \\\text { Current ratio } & 2.5 \\\text { Inventory } & 1,500 \\\text { For year ended 12/31/05 } & \\\text { Sales } & \$ 18,500 \\\text { Cost of goods sold } & 14,800\end{array}$$
-If sales increased by 10% per annum for the next 20 years, sales for year 2025 would be closest to:

A) $407,000.
B) $124,459.
C) $113,000.
D) $55,500.

Correct Answer:

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