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Problem 3-9 External Funds Needed Dahlia Colby, CFO of Charming Florist Limited, has created the firm's pro forma balance sheet for the next fiscal year.
Problem 3-9 External Funds Needed Dahlia Colby, CFO of Charming Florist Limited, has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $550 million. Current assets, fixed assets, and short-term debt are 15 percent, 80 percent, and 5 percent of sales, respectively. Charming Florist pays out 20 percent of its net income in dividends. The company currently has $139 million of long-term debt and $67 million in common stock par value. The profit margin is 10 percent. -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 numbert, e.g., 1,234,567.) -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 number, e.g., 1,234,567.)
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