Question $(2)$

Presented below is CBB company's balance sheet for the year $2019,$ where the company

sales during that year reached $100,000SR,$ and expected to increase $20\%$ the following

year.

CBB had $50000$ SR cost and has been taxed at $30\%$

CBB operates at $65\%$ of its capacity

The dividend payout ratio remains constant at $70\%.$

Requirements:

$1-$ Prepare the pro forma Income statement dated $31/12/2020$

$2-$ Prepare the pro forma balance sheet dated $31/12/2020$

$3-$ Discuss whether the company has external financing needs or not

and HOW will they fund the needs?

Submit the answer as pdf file.