A company is evaluating its financial requirements for the coming year based on its balance sheet from 2021 Estimate

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A company is evaluating its financial requirements for the coming
year based on its balance sheet from 2021



Estimate the company's financing requirements (total assets) for
2022 and its discretionary financing needs considering that the
company expects sales to grow by 5% in 2022











2021



Sales

1,594,600



Balance sheet










Current
assets

980,200


Net
fixed assets

1,976,200


Total
assets

2,956,400



Liability and equity




Account
payables

264,800



Long-term debt

1,245,000


Total
liabilities

1,509,800


Paid-in
capital

645,000


Retained
earnings

564,000


Common
equity

237,600


Total
liabilities & equity

2,956,400