please help solve B and C
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 12 percent to $490 million. Current assets, fixed assets, and short-term debt are 20 percent, 75 percent, and 10 percent of sales, respectively. Charming Florist pays out 25 percent of its net income in dividends. The company currently has $134 million of long-term debt and $62 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.) Assets Balance Sheet Liabilities and equity 87,500,000 Short-term debt 328,125,000 Long-term debt Current assets s ls 43,750,000 134,000,000 Fixed assets is Common stock Accumulated retained earnings 62,000,000 175,875,000 $ Total equity Total liabilities and equity 237,875,000 415,625,000 Total assets $ 415,625,000 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.) r External financing needed $ 0 % 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.) Assets Current assets Balance Sheet Liabilities and equity 98,000,000 Short-term debt 367,500,000 Long-term debt $ Fixed assets 49,000,000 134,000,000 $ Common stock Accumulated retained earnings 62,000,000 179,812,500 r Total equity Total liabilities and equity $ $ 241,812,500 424,812,500 Total assets $ 465,500,000 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 40,687,500