QUESTION S Next year, JulJuli Sdn Bhd is planning for a major aics increase af 40%. Sales are currently RM30,000,000 and it is Sorecast that next year's salcs will be RM42,000,000. Current assets are expected to increase in direct proportiun with increaso in sales. Similarly, account payable and accrued expenses are also the other hand will increase by RM1,000,000 and long term debt expected to remain constant The net profit margin on sales is 3% expected proportionately as per the increase in sales. Fixed assets on Required: Fill in following table and project the firm's nceds for discretionary financing Item Projected Level Present Level (RM in unitl) 30 ltem Percent of Sales (RM in mill Sales 42 Net Income Current assets Net fixed assets Total Assets 14 Current assets Net fixed asscts Total Assets 20 Accounts payable2 Acrued expenses Total Current Liabilities Long-term debe Total Liabilities Accounts payable Accrued expenses Total Current Liabilities Long-term debt Total Liabilities Common stock Retained earmings Common Equity Total L + E |.. Common stock Retained earnings Common Equity Projected Sources of Financing Discretionary Financing Needs (DFN) Total financing needs Total rojected RE-Present RE + Projected Net Income-Common Dividend " Present RE + Projected Net Income-(50% x Projected NI)