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Paladin Furnishings generated $4 million in sales during 2021 , and its year-end total assets were $2.4 million. Also, at year-end 2021, current liabilities were
Paladin Furnishings generated $4 million in sales during 2021 , and its year-end total assets were $2.4 million. Also, at year-end 2021, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2022 , the company estimal rrease by $0.60 for every $1.00 increase in sales. Paladin's profit margin is 7%, and its retention ratio is 55%. How large of as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest cent
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