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fastttt plssssa Carter Paint Company has plants in four provinces, Sales last year were $100 milion, and the balance sheet at year-end is similar in

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Carter Paint Company has plants in four provinces, Sales last year were $100 milion, and the balance sheet at year-end is similar in percent of sales to that of previous years (and this will continue in the future). All assets and current liabilities will vary directly with sales. Assume the firm is already using capital assets at full capacity. The firm has an aftertax profit margin of 9 percent and a dividend payout ratio of 35 percent: o. If sales grow by 20 percent next year, determine how many dollars of new funds are needed to finance the expansion. (Do not round intermeciote calculations. Enter the answer in mililons. Round the final answer to 3 decimal places.) The firm needs 5 b. Prepare a pro forma balance sheet with any financing adjustment made to long-term debt. (Do not round intermecliate calculations. Input all answers as positive values. Be sure to list the assets and liabilities in order of their liquidity. Enter the answers in millions. Round the final answers to 2 decimal places.) c. Calculate the current ratio and total debt to assets ratio for each year. (Do not round intermediate calculotions. Round the finol onswers to 1 decimal places.)

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