3 14.28 points eBook References Problem 3-9 External Funds Needed Dahlia Colby, CFO of Charming Florist Limited, has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $330 million. Current assets, fixed assets, and short-term debt are 15 percent, 75 percent, and 5 percent of sales, respectively. Charming Florist pays out 30 percent of its net income in dividends. The company currently has $131 million of long-term debt and $59 million in common stock par value. The profit margin is 10 percent. a. Construct the current balance sheet for the firm using the projected sales figure. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Balance Sheet Assets Liabilities and equity Current assets $ 45,000,000 Short-term debt 225,000,000 Long-term debt Fixed assets Accumulated retained earings Common stock Total equity 270,000,000 Total liabilities and equity Total assets $ $ $ $ $ 15,000,000 131,000,000 650,000,000 590,000,000 149,500,000 270,000,000 b. Based on Ms. Colby's sales growth forecast, how much does Charming Florist need in external funds for the upcoming fiscal year? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) External financing needed c-1. Construct the firm's pro forma balance sheet for the next fiscal year. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to the nearest whole numbert, e.g., 1,234,567.) 3 28 Ints eBook References dollars, rounded to the nearest whole numbert, e.g., 1,234,567.) Balance Sheet Assets Liabilities and equity Total equity Total assets Total liabilities and equity c-2. Calculate the external funds needed. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) External financing needed