The Longbranch Westem Wear Company has the following financial statements, which ore representative of the company/s historicel average. Longbranch is expecting a 30 percent increase in sales next year, and management is concemed obout the companys need for external funds. The increose in soles is expected to be carried out without any expansion of capizal assets: instead, it will be done through more efficient osset utlization in the existing stores. Of liabilities, only current liabilities vary directly with sales. a. Using o percent-of-sales method, determine whether Longbranch Westem Wear has external financing needs. (Input the amount as a nocithue vatice? a. Using a percent-of-soles method, determine whether Longbranch Western Wear has external financing needs. (input the amount as a positive value.) The firm b. Prepore a pro forma balance sheet with any financing adjustment made to notes payable and excess, if any, shall reduce iong term debt. (Input all answers as positive values. Be sure to list the assets and liabilities in order of their liquidity. Do not leave any empty speces; input a 0 wherever it is required.) c. Calculote the current rotio ond total debt to assets ratio for each year. (Round the final answers to 2 decimal places.)