Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using regression to estimate a trend? Year 2013 2014 2015 Sales $12,000,000 $11,800,000 $12,200,000 2016 2017 $12,400,000 $12,300,000 Suppose that Runner Industries currently has the balance sheet shown as follows, and that sales for the year just ended were $5 million. The firm also has a profit margin of 10 percent, a retention ratio of 20 percent, and expects sales of $7 million next year if fixed assets have enough capacity to cover the increase in sales and all other assets and current flabilities are expected to increase with sales, what amount of additional funds will the company need from external sources to fund the expected growth? Assets Liabilities and Equity Current assets $1,500,000 Current liabilities $ 600,000 Fixed assets 3,000,000 Long-term debt 1,400,000 Equity 2,500,00 Total assets $4,500,000 Total liabilities and equity $4,500,000