Question: 0 is not the answer I tried that! The 2nd picture is the jcyire of the excel Excel Online Structured Activity: Sales increase Paladin Furnishings

 0 is not the answer I tried that! The 2nd picture

0 is not the answer I tried that!

is the jcyire of the excel Excel Online Structured Activity: Sales increase

The 2nd picture is the jcyire of the excel

Excel Online Structured Activity: Sales increase Paladin Furnishings generated $2 million in sales during 2016, and its year-end total assets were $1.5 million. Also, at year-end 2016, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2017 , the company estimates that its assets must increase by $0.75 for every $1.00 increase in sales. Paladin's profit margin is 3\%, and its retention ratio is 35%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest cent. $ \begin{tabular}{|c|c|} \hline A & B \\ \hline Sales increase & \\ \hline Sales (S0) & $2,000,000 \\ \hline Rate of asset growth & 75.00% \\ \hline Total assets A0 & $0 \\ \hline Profit margin & 3.00% \\ \hline Retention ratio & 35.00% \\ \hline Current liabilities L0 & $500,000 \\ \hline Notes payable & $200,000 \\ \hline Accounts payable & $200,000 \\ \hline Accrued liabilities & $100,000 \\ \hline \end{tabular} Projected increase in assets Spontaneous increase in liabilities Increase in retained earnings Formulas Next Year's Sales (S1)= Increase in Sales = =N/A =N/A

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