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

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Dahlia Colby, CFO of Charming Florist Ltd., 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 dollar amount, e.g., 1,234,567.) 5 Assets Balance Sheet Liabilities and equity 50 Short-term debt 248 Long-term debt (Current assets $ $ 17 131 Fixed assets 148 Common stock Accumulated retained earnings 91 S 150 Total equity 297 Total liabilities and equity Total assets $ S 2973 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 dollar amount, e.g., 1,234,567.) External financing needed c-1. Construct the firm's 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.) Balance Sheet Assets Liabilition and equity Total equity Tatalia Total equity Total liabilities and equity Total assets c-2. Calculate the external funds needed. (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.) External financing needed

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