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Based on your 2012 to 2016 (including pro forma financial statement) data of Sonic Master Supplies Inc., construct the 2017 pro forma financial statements using

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Based on your 2012 to 2016 (including pro forma financial statement) data of Sonic Master Supplies Inc., construct the 2017 pro forma financial statements using the following assumptions: Cost of Goods Soldet sales is 86% Operating expenseset sales is 11% Long-term debt is 560 Current portion of long term-debt is 100 Interest expenseet sales is at 10% Tax rate @45% Dividends/eamings is 50% Current Assetset sales is 29% Net fixed assets is 270 Current liabilitieset sales is 14.4% Use SPC to forecast 2017 sales. NOTE: The values of a, b, and in the formula Yc= a + bx + cx should be rounded off to TWO DECIMAL PLACES the same applies to the accounts found on the proforma financial statements of Sonic Master for 2017. D Question 3 12 pts Based on your computations answer the following: 1. Sonic Master's total assets for 2017 is 2. Sonic Master's total liabilities for 2017 is 3. Sonic Master's total equity for 2017 is 4. Sonic Master's external funding requirement for 2017 is Note: answer should be rounded off to two(2) decimal places and use" for negative answers

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