Suppose That PBJ Industries, Inc A) $0
B) $6,250
C) $30,000
D) $100,000

question 3

Multiple Choice

Suppose that PBJ Industries, Inc. currently has the balance sheet shown as follows, and that sales for the year just ended were $10 million. The firm also has a profit margin of 10 percent, a retention ratio of 25 percent, and expects sales of $12 million next year. If all assets and current liabilities are expected to increase with sales, what amount of additional funds will the company need from external sources to fund the expected growth?
$$\begin{array} { l r l l l } \text { Assets } & & { \text { Liabilities and Equity } } \\\text { Current Assets } & \$ 1,000,000 & \text { Current Liabilities } & \$ 1,000,000 \\\text { Fixed Assets } & 2,000,000 & \text { Long-tern Debt } & 1,000,000 \\& & \text { Equity } & 1,000,000 \\\text { Total Assets } & \$ 3,000,000 & \text { Total Liabilities ard Equity } & \$ 3,000,000\end{array}$$

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Definitions:

Erythropoiesis

The process of producing red blood cells in the bone marrow.

Hematopoiesis

The process of forming and developing new blood cells in the bone marrow, crucial for maintaining healthy blood cell levels.

Leukopoiesis

The production of white blood cells in the bone marrow.

CBC

Complete Blood Count, a blood test that measures red cells, white cells, and platelets in the blood.