Suppose that Psy Ops Industries currently has the balance sheet shown below, and that sales for the year just ended were $$5\mathrm{.}5$ million. The firm also has a profit margin of $30$ percent, a retention ratio of $20$ percent, and expects sales of $$8\mathrm{.}5$ million next year.

$\backslash$table$[[$Assets$,$Liabilities and Equity$],[$Current assets,$$2,475,000,$Current liabilities,$$1,925,000$