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 $440 million. Current assets, fixed assets, and short-term debt 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 $123 million of long-term debt and $51 million in common stock par value. The profit margin is 8 percent.

a.

Prepare the current balance sheet for the firm using the projected sales figure. (Be sure to list the assets and liabilities in order of their liquidity. Enter your answers in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Balance Sheet
Assets			Liabilities and equity
(Click to select) Accounts receivable Fixed assets Current assets Long-term debt Common stock Short-term debt	$		(Click to select) Common stock Accumulated retained earnings Current assets Accounts payable Short-term debt Long-term debt	$
(Click to select) Common stock Short-term debt Long-term debt Fixed assets Current assets Accounts receivable			(Click to select) Accumulated retained earnings Long-term debt Accounts payable Current assets Common stock Short-term debt
			(Click to select) Accumulated retained earnings Short-term debt Accounts payable Common stock Current assets Long-term debt	$
			(Click to select) Common stock Long-term debt Accounts payable Accumulated retained earnings Current assets Short-term debt
			Total equity	$
Total assets	$		Total liabilities and equity	$

b.

Based on Ms. Colbys sales growth forecast, how much does Charming Florist need in external funds for the upcoming fiscal year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

External financing needed

$

c-1.

Prepare the firms pro forma balance sheet for the next fiscal year. (Be sure to list the assets and liabilities in order of their liquidity. Enter your answers in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Balance Sheet
Assets			Liabilities and equity
(Click to select) Accumulated retained earnings Long-term debt Fixed assets Current assets Short-term debt Accounts receivable	$		(Click to select) Common stock Accumulated retained earnings Short-term debt Current assets Accounts payable Long-term debt	$
(Click to select) Accumulated retained earnings Long-term debt Accounts receivable Current assets Fixed assets Short-term debt			(Click to select) Long-term debt Accumulated retained earnings Short-term debt Accounts payable Current assets Common stock
			(Click to select) Current assets Short-term debt Long-term debt Accumulated retained earnings Accounts payable Common stock	$
			(Click to select) Current assets Short-term debt Accumulated retained earnings Accounts payable Long-term debt Common stock
			Total equity	$
Total assets	$		Total liabilities and equity	$

c-2.	Calculate the external funds needed. (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

External financing needed

$