Pro Forma Balance Sheet: EFG Co. expected to have its sales increased from $150 million to $250 million in year 2015. The companys total assets (including all of the current assets and fixed assets), accounts payables and accruals will increase with the sales. The projected added to retained earnings is $50 million, and there is no change in common stock.

Use Pro Forma balance sheet to calculate (project) the value of the additional funding that the company would need to support its sales in year 2015.

To earn credit, you must use Pro Forma method in the calculations, and you must show your calculation result of each balance sheet account and the additional funding needed!!

2014 Balance Sheet (Millions of $)
Cash	80.00	Accounts payables	70.00
Accounts receivable	120.00	Notes payables	100.00
Inventories	300.00	Accruals	30.00
Total CA	500.00	Total CL	200.00
Fixed assets	400.00	Long-term debt	100.00
		Common stock	400.00
		Retained Earnings	200.00
Total assets	900.00	Total liabilities and equity	900.00