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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 percent to $ million. Current assets, fixed assets, and shortterm debt are percent, percent, and percent of sales, respectively. Charming Florist pays out percent of its net income in dividends. The company currently has $ million of longterm debt and $ million in common stock par value. The profit margin is percent. 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, eg
External financing needed
c 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, eg
c 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, eg
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