This is the answer but I don't understand so I would like to know how to solve for each question with details.

USE THE FOLLOWING INFORMATION TO ANSWER THE QUESTIONS 22-25 The balance sheet for the Regal Corp. for the year ending December 31, 2012 is shown below: Regal Corp. Balance Sheet as of December 31, 2012 (All gures in dollars) Cash 250 Notes payable 800 Accounts receivable 3,500 Accounts payable 3,200 Inventory 6 250 Accruals 1 100 Current assets 10,000 Current liabilities 5,100 Net xed assets 6,400 Long-term debt 4,500 Total assets 16,400 Common stock ($0.20 par) 1,200 Additional paid in capital 2,600 Retained eamings 3,000 Total liabilities and equity 16,400 Regal had sales revenue in 2012 of $75,000. Regal's projected net prot margin for 2013 is 4 percent and Regal plans to pay a dividend of $0.25 per share on December 31, 2013. Compute Regal sustainable growth rate for 2013 assuming that cash in 2013 will be equal to 0.4% of 2013 sales (for example, if sales = 1000, cash will be 0.4% of 1000, or 4), the average collection period for 2013 will be 24 days (assume 75% of all sales are on credit and use a 360 day year), the inventory turnover ratio for 2013 will be 10 (use COGSfInventory and assume 2013 COGS = 80% of sales), net xed assets will grow as a percent of sales, the 2013 current ratio will be 2.2, and Regal will issue (on July 1, 2013) 1,000 shares of additional stock in 2013 at a sale price per share of $0.15 per share. Compute and record your anSWer as a percent rounded to 2 decimal places (for example, record .135 8934 as 13.59%). Now construct a 2013 proforma balance sheet (i.e., redo the balance sheet above) using the guidelines above and the sustainable growth rate answer you found to prove that the growth rate you computed is in fact correct. Note that if your sustainable growth rate is correct, your proforma balance sheet should balance with no outside rnds (i.e., additional long-tenn debt, common stock or additional paid in capital) needed. Round all gures in your proforma balance sheet to whole dollars. From that proforma balance sheet, answer the questions below: 22. What is cash on Regal Corp.'s 2013 proforma balance sheet? 23. What is accounts receivable on Regal Corp.'s 2013 proforma balance sheet? 24. What is total assets on Regal Corp.'s 2013 proforma balance sheet? 25. What is total liabilities (i.e., current liabilities + long term debt) on Regal Corp.'s 2013 proforma balance sheet? The equation for this problem is much too complicated. The easiest way to do this problem is to create a proforma balance sheet and keep changing the rate used in each cell until the BS balances. Cash 328 Notes payable Accounts receivable 4,095 Accounts payable Inventory 6,553 Accruals Current assets 10,976 Current liabilities 4,989 Net xed assets 6,990 Long-term debt 4,500 Total assets 17,965 Common stock ($0.20 par) 1,400 Additional paid in capital 2,550 Retained earnings 4,526 Sustainable Growth Rate = 0.092119 Total liabilities and equity 17,965 From the balance sheet created to determine the sustainable growth rate, 22. What is w on Regal Corp.'s 2013 proforma balance sheet? E 23. What is accounts receivable on Regal Corp.'s 2013 proforma balance sheet? w 24. What is total assets on Regal Corp.'s 2013 proforma balance sheet? M 25. What is total liabilities (i.e., current liabilities + long term debt) on Regal Corp.'s 2013 proforma balance sheet? 4989 + 4500 = 9489