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( Financial forecastinglong dashdiscretionary financing needs ) J . T . Jarmon, Inc. has been in business for only 1 year, and the CFO expects

(Financial forecastinglong dashdiscretionary 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 $13.750million, 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.
The firm's balance sheet for 2018 is found in the popup window: LOADING.... Using the information provided, make an estimate of Jarmon's financing requirements or total assets for 2019 and its discretionary financing needs (DFN).
Question content area bottom
Part 1
What are Jarmon's financing requirements or total assets for2019?
$
enter your response here (Round to the nearest dollar.)
Part 2
What are Jarmon's discretionary financing needs (DFN) for2019?
$
enter your response here(Round to the nearest dollar.)

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