chegg.com = Chegg Study Find solutions for your homework d business / accounting / accounting questions and answers / Suppose That Gyp Sum Industries Currently Has The Balan... Question: Suppose That Gyp Sum Industries Currently Has The Balance Sheet Shown Below, And... Suppose that Gypsum nostres currently has the balance she shown below, and that sales for the year just ended were 510 2 milion The firm also has a profit margin of 30 percent a retention ratio of 20 percent and expects sales of 58 2 million next year Assets Liabilities and Equity Current assets $ 2 124 000 Current liabilities $ 1,707.480 Fored assets 4200,000 Long-term debe 1.600.000 Equity 3.016, 520 Total assets $ 6.324.000 Total liabilities and equity $6324000 it all assets and current liabilities are expected to shrink with sales what amount of additional funds will Gyp Sum ned from external sources to fund the expected growth? Enter your answer in dolas not in milions Negative amount should be indicated by a minus sign Sales last year Profit margin Retention tato Sales not year Assets Current liabilities 10.200.000 30% 20% 3.200.000 6324000 1.707.480 $ $ 5 Complete the following analysis. Do not hard code values in your calculations, and do not found intermediate calculations Necessary increase in assets Spontaneous increase in liabilities Projected increase in retained earnings Additional Funds Needed Show transcribed image text This problem has been solved! See the