b$-2.$ Calculate the external funds needed. The Optical Scam Company has forecast a sales growth rate of $20$ percent for next year. Current assets, fixed assets, and short$-$term

debt are proportional to sales. The current financial statements are shown here:

a$.$ Calculate the external funds needed for next year using the equation from the chapter.

Note: Do not round intermediate calculations. Total assets

$$25,272,000$

Total liabilities and equity

$$25,272,000$

a$.$ Calculate the external funds needed for next year using the equation from the chapter.

Note: Do not round intermediate calculations.

External financing needed

b$-1.$ Prepare the firm's pro forma balance sheet for next year.

Note: Do not round intermediate calculations.

$\backslash$table$[[$BALANCE SHEET,,$],[$Assets$,,$Liabilities and equity$],[$Current assets,,Short$-$term debt$],[$Fixed assets,Long$-$term debt,$],[*,$Common stock,$],[$Accumulated retained earnings,$],[,]]$ b$-1.$ Prepare the firm's pro forma balance sheet for next year.

Note: Do not round intermediate calculations.b$-2.$ Calculate the external funds needed.

Note: Do not round intermediate calculations.

c$.$ Calculate the sustainable growth rate for the company based on the current financial statements.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$-2.$ External financing needed

c$.$ Sustainable growth rate

Note: Do not round intermediate calculations.

c$.$ Calculate the sustainable growth rate for the company based on the current financial statements.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$-2.$ External financing needed

c$.$ Sustainable growth rate