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$.,1,234,567.)$

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$.,1,234,567.)$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$.,1,234,567.)$

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$.,1,234,567.)$