(Solved):       Please help with the red incorrect answers. Dahlia Colby, CFO of Charmi ...

 

 

 

Please help with the red incorrect answers.

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 20 percent to \( \$ 330 \) million. Current assets, fixed assets, and short-term debt are 15 percent, 75 percent, and 5 percent of sales, respectively. Charming Florist pays out 25 percent of its net income in dividends. The company currently has \( \$ 126 \) million of long-term debt and \( \$ 54 \) million in common stock par value. The profit margin is 16 percent. a. Construct the current balance sheet for the firm using the projected sales figure. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. Based on Ms. Colby's sales growth forecast, how much does Charming Florist need in external funds for the upcoming fiscal year? (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.) c-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.) c-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.)