Excel Online Structured Activity: Sales Increase A-Z Maggie's Muffins, Inc., generated $2,000,000 in sales during 2015, and its year-end total assets were $1,600,000. Also, at year-end 2015, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accrutis. Looking ahead to 2016, the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, Its profit margin will be 7%, and its payout ratio will be 40%. 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. X1 Open spreadsheet How large a sales increase can the company achieve without having to raise funds externally, that is what is itself-supporting growth rat? Do not round intermediate calculations. Round your answers to the nearest whole number Sales can increase by 5 that is by Check My Work Reset Pit A B D E F G Retention rate H 60.00% 2015 SO $500,000 200,000 300,000 $1.000.000 3 0 Assets 11 12 Accounts payable 13 Accruals 14 Notes payable 15 Current liabilities 16 17 AFN 18 Required increase in assets 19% increase in spontaneous abilities 20 increase in retained earings 21 22 New levet of tales 23 Dollar change in sales 24 16 change in sales 35 Formulas SNA NIA WNIA WNIA NA NA