Assumptions

A firm currently uses straight line depreciation so that depreciation expense in 2015 will be the same as in 2014.

Depreciation expense in 2014 was $5,000.

Sales are expected to grow by 30% in 2015.

All net income is paid out in dividends and no new stock issues are planned.

Notes payable at the end of 2014 will be paid off in 2015.

All Balance Sheet accounts, except Fixed Assets, Gross, Long-term Debt and Common Equity will move spontaneously with sales.

Calculate total assets and additional funds needed for 2015.

Year End 2014

Cash	$15,000
Accounts Receivable	20,000
Inventory	35,000
Fixed Assets, Gross	75,000
Accumulated Depreciation	15,000
Fixed Assets, Net	60,000
Accounts Payable	$15,000
Notes Payable	25,000
Long-term Debt	30,000
Common Equity	$60,000