Zapateras industries 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 firms operating expenses, current assets, net fixed assets, and current. liabilities will remain at their current proportion of sales. last year zapatera had 11 million in sales and net income of 1.1 million. the firm anticipates that next years salez will reach 13.8 million with net income rising to 1.21 million. given its present high rate of growth the firm retains all its earnings to help defray the cost of new investmentz what are zapateras financing requirements? and B. what are the discretionary financing needs?

8 HW to) Data Table Nel fxed assets Accounts payable Long-term debt Total liabilies Paid in capital Retained earnings Common copy ts contants 1 of 5 (5 complete) BALANCE SHEET 1231/2015 $2750.000 6,600.000 $9,350.000 LIABILITIES AND OWNERS EQUITY $2,750,000 200,000 $3.950.000 3,300,000 00.000 5.400.000 $9 350.000 Clea OF SALES 60%