Score: 0 of 14 pts 4 of 5 3 complete HW Score: 39%, 39 of 100 Problem 14-1 (similar to) Question Help (Francier forecasting decretionary financing need. T. Jarmon, Inc. has been in business for only 1 year, and the CFO expects that the relationship between firm sales and is operating expenses, current assets, net fixed assets, and curren ates will remain their current proportion of sales Last year, Jarmon had $14 million in sales and net income of $1.40 milion. The firm anticipates the next year's sales will reach $17.500 million, with net income rising to $1.54 million. Given is present high rate of growth, the firm retains als camins to help tray the cost of new investments The tow's balance sheet for 2018 is found in the popup window. Using the Information provides make an estimate of Summon's financing requirements or total assets for 2018 and is discretionary financing needs (DFM. What are Jarmor's fronding requirements or total assets for 2018? Data Table sound to the nearest dollar) Click on the following icon in order to copy its contents into a spreadshot) JT Jarmonine. BALANCE SHEET 12/31/2016 OF SALES Current $2.000.000 20% 7,700,000 55% Total $10.500,000 LIABILITIES AND OWNER'S EQUITY Accounts payable 32.800.000 20% Long-term debe 1.200 000 NA Totalbes 50.000.000 Common stock 1.000.000 NA Paldinita 4.100.000 NA Retained carming 1.400.000 Gommon equity 6.500.000 Total $10.500.000 Enter your answer in the answer box and then click Check Answ w of making news forces of financement part remaining Print Done Araw MacBook Pro G Search or type URL . 712 $ 4 3 % 5 1 & 7 6 00. C 9 + 0 W E R T Y C 0 P