can someone help me

(Financial forecasting-

-percent of sales) Next ear's sales for Cumberland Mfa. are expected to be $20.70 million. Current sales are $18 million. based on current

assets of $6.00 million and fixed assets of $9.00 million.

In s pro mrIn Is 3 perce Cumbran estimates (nat Is current assels will rise in

direct proportion to the increase in sales, but that its fixed assets will increase by only $200,000. Currently, Cumberland has $1.50

Illion in accounts payable (whicr

vary directly with sales), 52 million in long-term debt (due in 10 years), and common equity (including 31 million in retained earnings) totaling $11.50 million

Cumberland plans to pay $0.21 million in common stock dividends next year.

. What are Cumberland's total financina needs (that is. total assets) for the coming vear?

b. Given the firm's projections and dividend payment plans, what are Its discretionary financing needs!

C. Based on your projections, and assuming that the $200.000 expansion in fixed assets will occur, what is the largest increase in sales the firm can support withou

having to resort to the use of discretionary sources of financing?

a. What are Cumberland's total financing needs (tant Is, total assets) for the coming yea

ST

million (Round to two decimal places.)

b. Given the firm's projections and dividend payment ple

$ million (Round to two decimal places.)

linancing needs?

c. Based on vour proiections. and assumina that the $200.000 expansion in fixed assets will occur. what is the laraest increase in sales the firm can support without

havina to resort to the use of discretionarv sources of financing?

$ million (Round to two decimal places.)