Help with #8 please?

quarter ending December 31, 2017. B. Prepare monthly pro forma balance sheets at the end of October, November, and December 2017. C. Prepare both a monthly cash budget and pro forma statements of cash flows for October, Novem ber, and December 2017. D. Describe your findings and indicate the maximum amount of bank borrowing that is needed & Cash Conversion Cycle Two years of financial statement data for the Munich Export Corpor shown below. A. Calculate the inventory-to-sale, sale-to-cash, and purchase-to-payment conversion periods for Munich Exports for 2016. B. Calculate the length of Munich Exports' cash conversion cycle for 2016. MUNICH EXPORTS CORPORATION BALANCE SHEET 2015 2016 Cash Accounts receivable Inventories Total current assets Fixed assets, net Total assets $ 50,000 200,000 450,000 700,000 300,000 $1,000,000 $ 50,000 300,000 570,000 920,000 380,000 $1,300,000 220 Part 3: Planning for the Future 2016 2015 BALANCE SHEET (Continued) Accounts payable Accruals Bank loan Total current liabilities Long-term debt Common stock ($0.50 par) Additional paid-in-capital Retained earnings Total liabilities and equity $ 130,000 50,000 90,000 270,000 400,000 50,000 200,000 80,000 $1,000,000 $ 180,000 70,000 90,000 340,000 550,000 50,000 200,000 160,000 $1,300,000 INCOME STATEMENT 2015 2016 Net sales Cost of goods sold Gross profit Marketing General and administrative Depreciation EBIT Interest Earnings before taxes Income taxes (40% rate) Net income $1,300,000 780,000 520,000 130,000 150,000 40,000 200,000 45,000 155,000 62,000 $ 93,000 $1,600,000 960,000 640,000 160,000 150,000 55,000 275,000 55,000 220,000 88,000 $ 132,000 9. Cash Conversion Cycle] Castillo Products Company, described below, improved its ope net loss in 2015 to a net profit in 2016. While the founder o these develonments thorou operations from hann ahaw