Question: 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,

 a. Construct the current balance sheet for the firm using the

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 dollar amount, e.g., 1,234,567.) Assets Balance Sheet Liabilities and equity 41,250,000 Short-term debt 206,250,000 Long-term debt $ $ 13,750,000 Current assets Fixed assets 126,000,000 $ Common stock Accumulated retained earnings 54,000,000 53,750,000 $ Total equity 247,500,000 Total liabilities and equity 107,750,000 247,500,000 Total assets $ $ 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 dollar amount, e.g., 1,234,567.) External financing needed 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 dollar amount, e.g., 1,234,567.) Assets Balance Sheet Liabilities and equity 41,250,000 Short-term debt 206,250,000 Long-term debt $ $ 13,750,000 Current assets Fixed assets 126,000,000 $ Common stock Accumulated retained earnings 54,000,000 53,750,000 $ Total equity 247,500,000 Total liabilities and equity 107,750,000 247,500,000 Total assets $ $ 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 dollar amount, e.g., 1,234,567.) External financing needed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!