(Related to Checkpoint 17.1 on page 4720 (Discretionary financing needs Fishing Charter, Inc. estimates that it invests 30 cents in assets for each dollar of new sales However, 5 cents in profits are produced by each dollar of additional sales, of whic 17-8-1 cent can be reinvested in the firm ext year from their Need Clarification current level of $5 million, and the ratio of OOO es is .15, what will the firm's need for discretionary financing do not know what t firm's existing level of assets is, nor do you Add Highlight e been financed. Thu you must estimate the change in financing Add Note nge with the expected changes in spontaneous liabilities, retained es of discretionary financing.) Copy 17-9. Related to Checkpoint 17.1 on page 472) (Discretionary financing needs) Harrison Electronics, Inc. operates a chain of electrical lighting and fixture distribution centers throughout northern Arizona. The firm is anticipating expansion ofits sales in the coming year as a result of recent population growth trends. The firm's financial analyst has prepared pro forma balance sheets that reflect three different rates of growth in firm sales for the coming year and the correspondingnon discretionary sources of financing the firm expects to have available, as follows: l & Retail Management Custom Combo