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Please show all calculations of how you derived a value and explain all steps. Thank you begin{tabular}{ll} PROBLEM 9-3 & Comparative income statements and balance

Please show all calculations of how you derived a value and explain all steps. Thank you

image text in transcribedimage text in transcribed \\begin{tabular}{ll} PROBLEM 9-3 & Comparative income statements and balance sheets for Merck (\\$ millions) Mer \\\\ \\hline Preparing Pro Forma & follow: \\\\ \\hline Financial Statements & \\end{tabular} PROBLEM 9-3 (concluded) Required: a. Use the following ratios to prepare a projected income statement, balance sheet, and statement of cash flows for Year 3. b. Based on your initial projections, how much external financing (long-term debt and/or stockholders' equity) will Merck need to fund its growth at projected increases in sales

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