Estimate RIBOTs financing requirements (total assets) for 2020 and its discretionary financing needs, considering that sales are expecting to grow by 5% in 2020.

Exercise 5. SOCKS SA is evaluating its financial requirements for the coming year based on iti balance sheet from 2019: Balance sheet % of sales Current assets EUR 5,000,000 25% Net fixed assets EUR 10,000,000 50% Liability and equity Accounts payable EUR 4,000,000 20% Long-term debt EUR 3,000,000 Total liabilities EUR 7,000,000 Common stock EUR 1,000,000 Paid-in capital EUR 1,500,000 Retained earnings EUR 900,000 Common equity EUR 3,400,000 Total EUR 13,800,000 Estimate RIBOT's financing requirements (total assets) for 2020 and its discretionary financing needs, considering that sales are expecting to grow by 5% in 2020. So far the company has generated the following revenues in 2020: January EUR 3,670,000 February EUR 4,150,000 March EUR 2,900,000 April (projected) EUR 2,750,000 Exercise 5. SOCKS SA is evaluating its financial requirements for the coming year based on iti balance sheet from 2019: Balance sheet % of sales Current assets EUR 5,000,000 25% Net fixed assets EUR 10,000,000 50% Liability and equity Accounts payable EUR 4,000,000 20% Long-term debt EUR 3,000,000 Total liabilities EUR 7,000,000 Common stock EUR 1,000,000 Paid-in capital EUR 1,500,000 Retained earnings EUR 900,000 Common equity EUR 3,400,000 Total EUR 13,800,000 Estimate RIBOT's financing requirements (total assets) for 2020 and its discretionary financing needs, considering that sales are expecting to grow by 5% in 2020. So far the company has generated the following revenues in 2020: January EUR 3,670,000 February EUR 4,150,000 March EUR 2,900,000 April (projected) EUR 2,750,000