Financial forecasting-discretionary financing needs) J. T. Jarmon, Inc. has been in business for only 1 year, and the CFO expects that the relationship between firm sales and its operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales. Last year, Jarmon had $11 million in sales and net income of $1.10 million. The firm anticipates that next year's sales will reach $13.750 million, with net income rising to $1.21 million. Given its present high rate of growth, the firm retains all its earnings to help defray the cost of new investments. Using the information provided, make an estimate of Jarmon's financing requirements or total The firm's balance sheet for 2018 is found in the popup window: assets for 2019 and its discretionary financing needs (DFN).

What are Jarmon's financing requirements or total assets for 2019?

Data table (Financial forecasting - discretionary financing needs) J. T. Jarmon, inc: has been in business for only 1 year, and the CFO expects that the relationship befween firn sales and its operating expenses, current assels, net fixed assets, and current liabilities will remain at their current proportion of talos. Last year, Jarmon had $11 million in sales and net income of $1.10 million. The firm anticipates that next year's sales will reach $13750 milion. weh net income nang to $1.21 milion. Given its present high rate of growth, the firm retains all its eamings to help defray the cost of new investments. The firm's balance shoet for 2018 is found in the popup window: Using the information provided, make an estimate of Jarmon's firancing requicments or intal assets for 2019 and its discretionary financing needs {DFN}. What are Jarmon's financing requirements or total assets for 2019? (Round to the nearest dollar.)