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UNDERSTANDING HEALTHCARE FINANCIAL MANAGEMENT Chapter 14 -- Financial Forecasting United Health Products has the following balance sheet: Current assets $5,000 Accounts payable $1,000 Notes payable $1,000 Net fixed assets $5,000 Long-term debt $4,000 Common equity $4,000 Total assets $10,000 Total liabilities and equity $10,000 Business has been slow; therefore, fixed assets are vastly underutilized. Management believes it can double sales next year with the introduction of a new product. No new fixed assets will be required, and management expects that there will be no earnings retained next year. What is next year's external financing requirement? Provide the forecasted balance sheet: Current assets Net fixed assets Total assets External Financing Requirement: $0 Accounts payable Notes payable Long-term debt Common equity Total liabilities and equity $0