Intro Wish Inc. sells low-cost items online. Its 2021 year end Balance Sheet is known below. You are to forecast 2022 year end numbers (i.e., blank column). You forecast that Total Assets will go higher by x% year-over-year. Part 1 A Attempt 1/1 If D/E ratio is expected to stay unchanged year-over-year, what can you infer about the percent change in Debt balance? 12/31/2022 Debt may grow by less than x% 12/31/2022 Debt cannot be determined due to unknown x rate 12/31/2022 Debt may grow by more than x% 12/31/2022 Debt will grow by x% If Debt balance is expected to stay unchanged year-over-year, what can you infer about the $ change in Equity balance? Equity balance will go up by $ amount 26.4x% cannot be determined due to unknown x rate Equity balance will go up by $ amount 39.6x% Equity balance will go up by $ amount 66x% Part 3 A Attempt 1/1 If Debt balance is expected to rise by the same \% as Total Assets, what can you infer about D/E ratio? D/E ratio cannot be determined D/E ratio will be lower than 1.5 D/E ratio will be 1.5 D/E ratio will be higher than 1.5 Part 4 Attempt 1/1 If D/E ratio is expected to rise, what can you infer about the \% change in Debt balance? Debt balance will rise by x% Debt balance will fall Debt balance will rise by more than x% Debt balance will rise by less than x%