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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

Dahlia Colby, CFO of Charming Florist Limited, has created the firms 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 25 percent, 80 percent, and 15 percent of sales, respectively. Charming Florist pays out 30 percent of its net income in dividends. The company currently has $135 million of long-term debt and $63 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.)
Answer is complete but not entirely correct. 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.)
Answer is complete but not entirely correct. 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.)
Answer is complete but not entirely correct. 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.)
Answer is complete but not entirely correct.
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