J . T . Jarmon, Inc. BALANCE SHEET 1 2 / 3 1 / 2 0 1
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Question:
J T Jarmon, Inc.
BALANCE SHEET
OF SALES
Current assets $
Net fixed assets
Total $
LIABILITIES AND OWNER'S EQUITY
Accounts payable $
Longterm debt NAa
Total liabilities $
Common stock NA
Paidin capital NA
Retained earnings
Common equity
Total $
Financial forecastinglong dashdiscretionary financing needs J T Jarmon, Inc. has been in business for only year, and the CFO expects that the relationship between firm sales and its operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales.
Last year, Jarmon had $ million in sales and net income of $ million. The firm anticipates that next year's sales will reach $million with net income rising to $ 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 is found in the popup window: LOADING.... Using the information provided, make an estimate of Jarmon's financing requirements or total assets for and its discretionary financing needs DFN
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Part
What are Jarmon's financing requirements or total assets for
$
enter your response here Round to the nearest dollar.
Part
What are Jarmon's discretionary financing needs DFN for
$
enter your response hereRound to the nearest dollar.
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