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Fill in the blanks Cheryl Colby, CFO of Charming Florist Ltd., has created the firm's pro forma balance sheet for the next fiscal year. Sales

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Cheryl 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 20 percent to $480 million. Current assets, fixed assets, and short-term debt are 20 percent, 70 percent, and 10 percent of sales, respectively. Charming Florist pays out 20 percent of its net income in dividends. The company currently has $125 million of long-term debt and $53 million in common stock par value. The profit margin is 15 percent a. Prepare the current balance sheet for the firm using the projected sales figure. (Enter your answers in dollars, not millions of dollars, i.e. 1,234,567. Do not round intermediate calculations and round your answers to the nearest whole dollar amount. (e.g., 32)) Balance Sheet Assets Liabilities and equity Current assets Fixed assets 80,000,000 280,000,000 Short-term debt Long-term debt Common stock Accumulated retained earnings Total equity Total liabilities and equity 40,000,000 125,000,000 53,000,000 142,000,000 195000000 360000000 Total assets 360000000

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