lems Developing a Long-Term Financial Plan 17-1. (Financial forecasting) Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has only been in business for one year, but its Chief Financial Officer predicts that the firm's operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales. Last year Zapatera had $12 million in sales with net income of $1.2 million. The firnm anticipates that next year's sales will reach $15 million with net income rising to $2 mi help defray the cost of new investments. lion. Given its present high rate of growth, the firm retains all of its earnings to