The historical balance sheets of a company are given here:
1982 1983 1984
Liabilities
Equity 34,650 33,056 33,032
Long-term liabilities 13,542 11,909 18,143
Current liabilities 15,554 11,915 15,647
Total 63,746 56,880 67,092
Assets
Net fixed assets 11,138 12,437 11,246
Table contd.
Financial Statements and Firm Value 141
1982 1983 1984
Others 736 1,571 2,066
Current assets – – –
Total 63,746 56,880 67,092
If sales amount to Rs 75,000, express all variables as (average) percentage of sales. If current assets grow at 14 percent, current liabilities at 22 percent, and fixed assets at 21 percent, forecast balance sheet for the next year.