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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 12 percent to $350 million. Current assets, fixed assets, and current liabilities are 15 percent, 75 percent, and 5 percent of sales, respectively. Charming Florist pays out 25 percent of its net income in dividends. The company currently has $140 million of long-term debt and $68 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.)

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