A firm had the following balance sheet last year: Cash $ 800 Accounts payable $ 350 Accounts receivable 450 Accrued vages 150 Inventory 950 Notes payable 2,000 Net fixed assets 34,000 Mortgage 26,500 Common stock 3,200 Retained earnings 4,000 Total liabilities Total assets $36,200 and equity $36,200 Sales to triple from $10,000 to $30,000, increasing net income to $1,000. No additional fixed assets will be needed. The firm pays a 20% dividend. (1) Will any outside capital be needed? (2) If so, how much? Select one: OA. Yes; $9,700 OB. Yes; $2,600 OC. Yes; $2,900 D. No; there will be a $2,400 surplus. OE. Yes; $3,200 Clear my choice Below is Acme Company's income statement for the year ended 12/31/17: Sales $7,000 Operating costs 3,000 EBIT 4,000 Interest 200 Taxable income 3,800 Taxes (25%) 950 Net income $2,850 The company forecasts that its sales will increase by 10 percent in 2018 and its operating costs will increase in proportion to sales. The company's interest expense is expected to remain at $200, and the tax rate will remain at 25 percent. The company plans to pay out 60 percent of its net income as dividends. What is the forecasted change to retained earnings for 2018? Select one: O A. $1,008 O B. $1,140 O C. $1,710 OD. $2,850 E. None of the above of A company is using the Percentage-of-Sales method to forecast the additional capital that it must raise, and expencts sales to grow. Which of the following conditions would increase the amount of capital needed? Select one: OA. The company thought its fixed assets were being operated at full capacity, but discovers it actually has excess capacity. B. The company increases its planned dividend payout. OC. The company begins to pay employees monthly rather than weekly. OD. The company's profit margin increases. O E. The company decides to stop taking discounts on purchased materials. Clear my choice