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Dahlia Colby, CFO of Charming Florist Ltd., has created the firms pro forma balance sheet for the next fiscal year. Sales are projected to grow

Dahlia Colby, CFO of Charming Florist Ltd., 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 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. Prepare the current balance sheet for the firm using the projected sales figure.

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