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Suppose that Wind Em Corp. currently has the balance sheet shown as follows, and that sales for the year just ended were $12 million. The

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Suppose that Wind Em Corp. currently has the balance sheet shown as follows, and that sales for the year just ended were $12 million. The firm also has a profit margin of 20 percent, a retention ratio of 30 percent, and expects sales of $22 million next year. If all assets and current liabilities are expected to grow with sales, what is the necessary increase in assets? Liabilities and Equity Current Liabilities $2,500,000 Assets Current $2,000,000 Assets Long- $8,000,000 Term $1,500,000 Assets Debt ui $6,000,000 Total $10,000.000 Liabilities $10,000,000 Assets & Equitvy O $4,833,000 O $8,333,333.33 O $6,333,333.33 O$6,240,000

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