these are three separate questions

Data table Zapatera Enterprises, Inc. Balance Sheet 1213113 % of Sales Current assets 2,800,000 21.978% Met fixed assets 6,500,000 51.020% Total 9,300,000 Liabilities and Owners' Equity Accounts payable 2,500,000 19.623% Long-term debt 2,100,000 NAZ Total liabilities 4,600,000 Common stock 1,400,000 NAZ Paid-in capital 2,200,000 NAZ Retained earnings 1,100,000 Common equity 4,700,000 Total 9,300,000 NA. This figure does not vary directly with sales and is assumed to remain constant for purposes of forecasting next year's financing requirements. (Click on the icon O in order to copy ifs contents into a spreadsheet ) (Forecasting financing needs) Beason Manufacturing forecasts its sales next year to be $5.7 million and expects to earn 5.9 percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions (projections): * Current assets are equal to 19.4 percent of sales, and fixed assets remain at their current level of $0.9 million. * Common equity is currently $0.71 million, and the firm pays out half of its after-tax earnings in dividends. * The firm has short-term payables and trade credit that normally equal 12.4 percent of sales, and it has no long-term debt outstanding. What are Beason's financing needs for the coming year?Y - (Related to Checkpoint 17.1) (Discretionary financing needs) Harrison Electronics, Inc. operates a chain of electrical lighting and fixture distribution centers throughout northern Arizona. The firm is anticipating expansion of its sales in the coming year as a result of recent population growth trends. The firm's financial analyst has prepared pro forma balance sheets that reflect three different rates of growth in firm sales for the coming year and the corresponding non-discretionary sources of financing the firm expects to have available, as follows: F - a. YWhat are the fim's discretionary financing needs under each of the three growth scenarios? b. What potential sources of financing are there for Harrison to fulfill its needs for discretionary financing? a. The discretionary financing needs for a 10% growth scenario are $|:|. (Round to the nearest dollar.) Data table Harrison Electronics, Inc. Pro Forma Balance Sheet for 2014 Current assets Met fixed assets Total Accounts payable Accrued expenses Motes payable Current liabilities Long-term debt Total liabilities Common stock (par) Paid-in capital Retained earnings Common eguity Projected sources of financing Discretionary financing needs Total financing needs = Total assets (Click on the icon O in order to Calculation Mo change Mo change Mo change Mo change Alternative Growth Rates 10% $13,300,000 +$139,860,000 $33,160,000 $2.270,000 2,290,000 1,470,000 6,030,000 6,440,000 $12,470,000 1,100,000 2,050,000 15,530,000 $18,680,000 $31,150,000 its contents info a spreadsheet ) 20% $14.430.000 $21,520,000 $35,950,000 $2.480.000 2,430,000 1,470,000 56,380,000 6,440,000 $12,820,000 $1,100,000 2,050,000 15,640,000 $18,790,000 $31,610,000 40% $16,740,000 $25,150,000 $41,890,000 $2,700,000 2,850,000 1,470,000 57,020,000 6,440,000 $13,460,000 $1,100,000 2,050,000 15,730,000 $18,680,000 $32,340,000 (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 CFO 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 $12.74 million in sales with net income of $1.25 millien. The firm anticipates that next year's sales will reach $15.15 million with net income rising to $2.12 million. Given its present high rate of growth, the firm retains all of its earnings to help defray the cost of new investments. The firm's balance sheet for the year just ended is as follows: FE - Estimate Zapatera's total financing requirements (total assets) and its net funding requirements (discretionary financing needed) for 2014. Note: Use the percentage of sales given in Zapatera Enterprises' balance sheet for 2013. Hint: Make sure to round all intermediate calculations to at least five decimal places. The 2014 retained earnings are $|:_ (Round to the nearest dollar.)