Business
Business, 19.08.2021 21:00, iBrain

(Financial forecastinglong dashdiscretionary financing needs​) J. T.​ Jarmon, Inc. has been in business for only 1​ year, and the CFO expects that the relationship between firm sales and its operating​ expenses, current​ assets, net fixed​ assets, and current liabilities will remain at their current proportion of sales. Last​ year, Jarmon had ​$18,400,000 in sales and net income of ​$552,000. The firm anticipates that next​ year's sales will reach ​$21,160,000​, with net income rising to ​$634,800. Given its present high rate of​ growth, the firm retains all its earnings to help defray the cost of new investments. The​ firm's balance sheet for 2018 is found in the popup​ window: BALANCE SHEET
12/31/2018 % OF SALES
Current assets 2,760,000 15%
Net fixed assets 7,360,000 40%
Total 10,120,000
LIABILITIES AND OWNER'S EQUITY
Accounts payable 2,208,000 12%
Long-term debt 2,000,000
Total liabilities 4,208,000
Common stock 2,000,000
Paid-in capital 2,712,000
Retained earnings 1,200,000
Common equity 5,912,000
Total 10,120,000
Using the information​ provided, make an estimate of​ Jarmon's financing requirements or total assets for 2019 and its discretionary financing needs ​(DFN​).
What are​ Jarmon's financing requirements or total assets for​ 2019?  
​$nothing (Round to the nearest​ dollar.)
What are​ Jarmon's discretionary financing needs ​(DFN​) for​ 2019?
​$nothing ​(Round to the nearest​ dollar.)

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(Financial forecastinglong dashdiscretionary financing needs​) J. T.​ Jarmon, Inc. has been in busin...

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