Ronnon, Inc. is a producer of infrastructure equipment for Internet Service Providers. Ronnon's sales forecast for 2010 and 2011 is $40 million and S46 million, respectively. Stockholders' equity as of January 1, 2010 was $32 million. The company's net profit margin after tax is 10% and it expects to pay annual dividends of 40% of net income. Current asset requirements are planned at 30% of sales and current liabilities are planned at 10% of sales. Net fixed assets are projected to be 1 10% of sales and long-term liabilities are expected to be 30% of total assets 41. Total asset requirements for 2011 will be: A. $34.4 million B. $37.2 million C. $56.0 million D. $64.4 million 42. Total liabilities and stockholders' equity before outside financing for 2010 will be: A. $56.0 million B. $64.4 million C. $55.2 million D. $61.1 million