x Data Table Zapatera Enterprises, Inc. Balance Sheet 12/31/13 % of Sales Current assets 3,300,000 26.128% Net fixed assets 5,500,000 43.547% Total 8,800,000 Liabilities and Owners' Equity Accounts payable 2,500,000 19.794% Long-term debt 2,100,000 Total liabilities 4,600,000 Common stock 1,400,000 Paid-in capital 1,700,000 Retained earnings 1,100,000 Common equity 4,200,000 Total 8,800,000 NA This figure does not vary directly with sales and is assumed to remain NA NA NA Print Done (Financial forecasting) Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has only been in business for one year, but its CFO predicts that the firm's operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales. Last year Zapatera had $12.63 million in sales with net income of $1.24 million. The firm anticipates that next year's sales will reach $14.86 million with net income rising to $2.15 million. Given its present high rate of growth, the firm retains all of its earnings to help defray the cost of new investments. The firm's balance sheet for the year just ended is as follows: 5 Estimate Zapatera's total financing requirements (total assets) and its net funding requirements (discretionary financing needed) for 2014. Note: Use the percentage of sales given in Zapatera Enterprises' balance sheet for 2013. Hint: Make sure to round all intermediate calculations to at least five decimal places. Pro torma Balance sneet T231714 Current assets 3882620.8 Net fixed assets Total S Liabilities and Owners' Equity Accounts payable $ Long-term debt Total liabilities $ Common stock Paid-in capital Enter any number in the edit fields and then click Check Answer. 2. parts remaining Clear All Final Check