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1. Pro Forma Analysis (15 Points.) Consider the following Balance Sheet for XYZ Corporation in 2019 (numbers are in millions): 2019 2020 Assets Cash $15

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1. Pro Forma Analysis (15 Points.) Consider the following Balance Sheet for XYZ Corporation in 2019 (numbers are in millions): 2019 2020 Assets Cash $15 $35 $45 $150 $120 $245 Accounts Receivable Inventory Plant, Property and Equipment Total Assets Liabilities Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilitics Plus Stockholder's Equity $55 $101 $90 $156 245 (a) 10 Points. In addition to the information on the balance sheet, XYZ's sales in 2019 are $60 million while the company's net income is $19 million. If the dividend payout ratio is 50% forecast and sales in 2020 are projected to be $150 million forecast XYZ's balance sheet for 2020 using the percent of sales method. Fill in the numbers in the table. (You can use the space below for calculations.)

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