1. Sales growth alone is not enough to insure an increase in the firm's value of operations. Why not? Problems from Text Book Broussard Skateboard's sales are expected to increase by 15% from $8 million in 2019 to $9.2 million in 2020 . Its assets totaled $5 million at the end of 2019. Broussard is already at full capacity, Fo its assets must grow at the same rate as projected sales. At the end of 2019. current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. (12-2) Projected Operating Assets Berman \& Jaccor Corporation's current sales and partial balance sheet are shown here. Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? This year Sales $1,000 Balance Sheet: Assets Cash $100 Shortterm investments\$ 80 Accounts receivable \$ 200 Inventories \$ 200 Totalcurrent assets \$ 580 Net fixed assets $500 Total assets $1,080