Question: Question # 3 [ 2 4 Marks ] Below is the 2 0 1 4 year - end balance sheet for Banner, Inc. Sales

Question \#3[24 Marks] Below is the 2014 year-end balance sheet for Banner, Inc. Sales for 2014 were \(\$ 1,600,000\) and are expected to be \(\$ 2,000,000\) during 2015. In addition, we know that Banner plans to pay \(\$ 90,000\) in 2015 dividends and expects projected net income of \(4\%\) of sales. Use the information given above for Banner Inc. to calculate the following: a) Banner's projected current assets for 2015[2 marks] b) Banner's projected fixed assets for 2015[2 marks] c) Banner's projected accounts payable balance for 2015[2 marks] d) Banner's projected accrued expenses for 2015[2 marks] e) Banner's projected long-term debt for 2015[4 marks] f) Banner's projected retained earnings for 2015[4 marks] g) Banner's projected discretionary financing needed for 2015[6 marks] h) Identify 2 Spontaneous Sources of financing from Banner's balance sheet. [2 marks]
Question \ # 3 [ 2 4 Marks ] Below is the 2 0 1 4

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