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Attempts Keep the light/10 B. Problem 17.09 (Sales increase) click Paintin Furnishing generated $2 million in sales during 2021, and its year and total assets

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Attempts Keep the light/10 B. Problem 17.09 (Sales increase) click Paintin Furnishing generated $2 million in sales during 2021, and its year and total assets were 1.7 million. Also, at year end 2021, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2022, the company estimates that its assets must increase by 10.85 for every $1.00 increas in sales, Paladin's profit margins and retention ratio is 3 How farge of a sales increase can the company achieve without having to raise hunds externally? Write out your answer completely For example, 25 million should be entered as 25.000.000. Do not round intermediate calculations, Round your answer to the mearest cent

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