A firm recently completed its fiscal year the financial statements follow: Current assets Net fixed assets Balance Sheet $1,000,000 Current liabilities 2,000,000 Long-term debt Owners' equity $3,000,000 $ 500,000 1,500,000 1,000,000 $3,000,000 Total Income Statement Sales Cost of goods sold Gross profit Operating expenses Interest Taxes Net profit Dividends $5,500,000 3,500,000 $2,000,000 1,000,000 170,000 350,200 $ 479,800 $ 400,000 In planning for the upcoming year, the sales division estimates a 25% increase in sales.The firm does not have the capacity to expand operations, so fixed assets must increase and remain proportional to sales. NEF= Total Assets / Sales Current Liabilities/ Sales Sales Net Profit Margin Change in Sales Change in Sales [1 - (Dividends / Net Profit)] What is the NEF? $525,250 $125,000 $99,750 $1,375,000 $750,000