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EFN? 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
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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 25 percent. 80 percent, and 15 percent of sales, respectively. Charming Florist pays out 30 percent of its net Income in dividends. The company currently has $135 million of long-term debt and $63 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.) Balance Sheet Assets Liabilities and equity Total equity Total liabilities and equity Total assets 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 Liabilities and equity 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 95,100,000Step by Step Solution
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