18. suppose that wind am corporation currently has the balance sheet shown us follows, in that sales for the ear just ended were $12 million. The firm also has a profit margin of 20%, retention ratio of 30%, and expect sales of 22 million next year. If all assets and current liabilities are expected to grow with sales, what is the necessary increase in assets.

Current assets equals $2 million

fixed assets $8 million

current liabilities 2 1/2 million dollars

long-term debt 1 1/2 million dollars

Equity $6 million