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Hello! I am looking for help with these finance questions I am super confused about how to get the correct answer thank you sooo soo

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Hello! I am looking for help with these finance questions I am super confused about how to get the correct answer thank you sooo soo much for the help!

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Problem 12-04 Sales increase Maggie's Mufns Bakery generated $2,000,000 in sales during 2016, and its year-end total assets were $1,200,000. Also, at year-end 2016, current liabilities were $1,000,000. consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals. Looking ahead to 2017, the company estimates that is assets must increase at the same rate as sales, its spontaneous liabilities will i increase at the same rate as sols. Its prot margin will be 3%, and its payout ratio will be 40%. How large a sales increase can the \ company achieve without having to raise funds externallythat is, what ls its self-supporting growth rate? Do not round'r'ntermedlate calculations. Round your answers to the nearest whole. ' *1 Sales can Increase by $ , , that is by %_ . . . Problem 12-05 , Long-Term Financing Needed At year-end 2016, Wallace Landscaping's total assets were $2.0 million, and Its accounts payable were $395,000. Sales, which In 2016 were $2.9 million, are expected to Increase by l5% In 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wailaoe typically uses no current liabilities other than accounts payable. Common stock amounted to i . a $360,000 In 2016, and retained earnings were $255,000. Wallace has arranged to sell I $90,000 or new common stock In 2017 to meet F some of Its financing needs. The remainder of Ii: nancing needs will be met by Issuing new long-term debt at the end of 2017. (Because i the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) It: net profit margin on sales II Is 7%, and 60% of eamlngs will be paid out as dividends. . l ._ _ a. What was Wallace's total long-term debt in 2016? Do not round intermediate calculations. Round your answer to the mares: dolls-n What were Wallace's total liabilities In 2016? Do not round Intermediate calculations. Round your answer to the nearest dollar. tnuch new long-hem de'bt flnanoing will be needed in 2017? (Hint: AFN - New stock - New long-term debt.) as not round manediam calculations. Round your answer to the nearest dollar

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