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Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has been in business for only 1 year, but its CFO predicts

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Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has been in business for only 1 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 $13 million in sales, and net income of $1.3 million. The firm anticipates that next year's sales will reach $16.3 million, with net income rising to $1.43 million. Given its present high rate of growth, the firm retains all its earnings to help defray the cost of new investments. The firm's balance sheet for 2013 is found in the popup window:. Estimate Zapatera's financing requirements (that is, total assets) for 2014 and its discretionary financing needs (DFN). What are Zapatera's financing requirements (that is, total assets) for 2014? $ (Round to the nearest dollar.) Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has been in business for only 1 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 $13 million in sales, and net income of $1.3 million. The firm anticipates that next year's sales will reach $16.3 million, with net income rising to $1.43 million. Given its present high rate of growth, the firm retains all its earnings to help defray the cost of new investments. The firm's balance sheet for 2013 is found in the popup window:. Estimate Zapatera's financing requirements (that is, total assets) for 2014 and its discretionary financing needs (DFN). What are Zapatera's financing requirements (that is, total assets) for 2014? $ (Round to the nearest dollar.)

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