Longhranch is expecting a 20 percent increase in sales next year, and management is concerned about the company's need for external funds. The increase in sales is expected to he carried out without any expansion of capitaj assets; instead it will be done through more efcient asset utilization in the existing stores. Df liabilities, only current iiahiiiijes vary directyr with saies. [Refer to the example in the chapter and show ali calcutations}. a. Using a percentof-sales method, determine whether Longoranch Western Wear has external financing needs. The firm $ in I (Dickto select} vl I I {ickto select} 1