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 12 percent to $490 million. Current assets, fixed assets, and short-term debt are 20 percent, 75 percent, and 10 percent of sales, respectively. Charming Florist pays out 25 percent of its net income in dividends. The company currently has $134 million of long-term debt and $62 million in common stock par value. The profit margin is 10 percent.

Attached is the correct current balance sheet:

b.	Based on Ms. Colbys 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 dollar amount, e.g., 1,234,567.)
c-1.	Construct the firms 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 dollar amount, e.g., 1,234,567.)

Answer is complete and correct. Balance Sheet Assets Liabilities and equity Current assets $ 87,500,000 Short-term debt $ 43,750,000 Fixed assets 328,125,000 Long-term debt 134,000,000 Common stock $ 62,000,000 Accumulated retained earnings 175,875,000 $ 237,875,000 Total assets $ Total equity Total liabilities and equity $ 415,625,000 415,625,000