QUESTION 5 Next year, JuliJuli Sdn Bhd is planning for a major sales increase of 40%. Sales are currently RM30,000,000 and it is forecast that next year's sales will be RM42,000,000. Current assets are expected to increase in direct proportion with increase in sales. Similarly, account payable and accrued expenses are also expected proportionately es per the increase in sales. Fixed assets on the other hand will increase by RM1,000,000; and long term debt expected to remain constant. The net profit margin on ples in5 Required Fill in following table and project the firm's needs for discretionary cing Projected Level (RM in mill) Item Present Level (RM in mill) 30 Percent of Sales Item Sales Net Income Current assets Net fixed assets Total Assets 42 14 Current assets Net fixed assets Total Assets 20 Accounts payable 2 Accrued expenses Total Current Liabilities Long-term debt Total Liabilities Accounts payable Accrued expenses Total Current Liabilities Long-term debt Total Liabilities Common stock Retained eamings3 Common Equity ll Total L + 1-20 Common stock Retained earnings Common Equity Projected Sources of Financing Discretionary Financing Needs (DFN) Total financing needs- Total assets Projected RE-Present RE+Projected Net Incoce-Common Dividend -Present RE + Projected Net Income-(50% x Projected NI)