Question: attached are 2 images with 1 complete question. please help me solving it. Problem 4-32 The Longbranch Western Wear Company has the following nancial statements,

 attached are 2 images with 1 complete question. please help mesolving it. Problem 4-32 The Longbranch Western Wear Company has the following

attached are 2 images with 1 complete question. please help me solving it.

nancial statements, which are representative ofihe company's historical average. Income Statement Sales$233,333 Expenses 151,133 Earnings before interest and taxes 5 43,933 Interest 2,933

Problem 4-32 The Longbranch Western Wear Company has the following nancial statements, which are representative ofihe company's historical average. Income Statement Sales $233,333 Expenses 151,133 Earnings before interest and taxes 5 43,933 Interest 2,933 Earnings before taxes $ 46,333 Taxes 13,333 Earnings a-Fter taxes 5 23,333 Dividends - 12,633 Balance Sheet 3551213 liabilities and Shareholder? Emity Cash $3,333 Accounts payable $4,933 Accounts receivable 19,333 Accrued wages 2,133 Inventory 24,333 Accrued taxes 9,333 Current assets $46,333 Current liabilities $16,333 Capital assets 29,333 Notes payable ?,933 Longterm debt 19, 533 Common stock 29,333 Retained earnings 52,633 Total assets $125,333 Total liabilities and equity $125,333 ' Longbranch is expecting a 20 percent increase in sales next year, and management is concerned about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of capital assets; instead, it will be done through more efficient asset utilization in the existing stores. Of liabilities, only current liabilities vary directly with sales. a. Using a percent-of-sales method, determine whether Longbranch Western Wear has external financing needs. (Input the amount as a positive value.) The firm has in surplus funds b. Prepare a pro forma balance sheet with any financing adjustment made to notes payable and excess, if any, shall reduce long 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 spaces; input a 0 wherever it is required.) Balance Sheet Current assets Liabilities (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Current assets Current liabilities (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total assets Total liabilities and equity $

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