Problem $4-29($Algo$)$ Percent$-$of$-$sales method $[$LO$4-3]$

Conn Man's Shops, a national clothing chain, had sales of $$310$ million last year. The business has a steady net pront markin of $9$ percent and a dividend payout ratio of $20$ percent. The balance sheet for the end of last year is shown.

$\backslash$table$[[$Assets$,,$End of Year $($in s mfirons$),],[$Cash$,$$$25,$Accounts payable,$387],[$Accounts receivable,$59,$Accrued expenses,$43],[$Inventory$,66,$Dther payables,$15],[$Plant and equipment,$$129,$Common stock,$90],[,,$Retained earnings,$34],[$Total assets,$$279,$rotal liabilities and stockholders' equity,$3276]]$

wool slacks. A sales increase of $10$ pencent is forecast for the company.

This inchictes fied assets sithe the kinh is at hall wapacity