Question: Section 3: Problem Section Q1. Below given are the Income statement and Balance Sheet of ABC Corp. for the year 2021. [CLO 2] Assets and

Section 3: Problem Section Q1. Below given are the Income statement and Balance Sheet of ABC Corp. for the year 2021. [CLO 2] Assets and costs are proportional to sales and Debt and Equity are not. The company maintains a constant 40% dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 10%. a) Draw the 2020 pro-forma Income Statement and the Balance sheet for ABC Corp and find the External Financing Figure. (4 Marks)

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