ABC FIRM Simplified Income Statement Current Year (millions) Revenue (Sales) 15,380 Cost 8,950 Net Income 6,430 ABC FIRM Simplified Balance Sheet ASSETS LIABILITIES & EQUITY Current Year (millions) Current Year (millions) Assets 105,940 Debt 84,752 Equity 21,188 Total Assets 105,940 Total Liabilities & Equity 105,940 Scenario: The financial statements for ABC firm are given above. ABC firm expects their sales to increase by 20%. Their costs are proportional to sales, their assets are proportional to sales in excess of capacity, but debt and equity are not. ABC firm is operating at 90% of capacity. What is their sales value next year? (enter answer in millions) What is their net income next year? (enter answer in millions) How much does the firm need to purchase in assets? (enter answer in millions) What is their equity next year? (enter answer in millions) How much external financing does the firm need? (enter answer in millions)