1 Chapter 3 Problem 15 2 Below are the 2021 financial statements for Aquatic Supplies Co. Also appearing are management's forecasts for how individual financial statement items will vary in the future. The company expects sales to grow 12% next year. Aquatic 3 Supplies finances all of its needs with 10-year long-term debt at 10% interest. 456 a. Prepare pro forma financial statements for Aquatic Supplies for 2022 assuming that long-term debt and interest expense remain at their 2021 levels. What is Aquatic's external funding required for 2022? AQUATIC SUPPLIES CO.

Below are the 2021 financial statements for Aquatic Supplies Co. Also appearing are management's forecasts for how individual financial statement items will vary in the future. The company expects sales to grow 12% next year. Aquatic Supplies finances all of its needs with 10 -year long-term debt at 10% interest. a. Prepare pro forma financial statements for Aquatic Supplies for 2022 assuming that long-term debt and interest expense remuin at their 2021 levels. What is Aquatic's external funding required for 2022