(Steps Shown) Challenge: External Funds Needed The Optical Scam Company has forecast a 15 percent sales growth rate for next year. The current financial statements
Question: Challenge: External Funds Needed The Optical Scam Company has forecast a 15 percent sales growth rate for next year. The current financial statements are:
- Calculate the external funds needed for next year using the formula from RWJ 3.4.
- Construct the firm's pro forma balance sheet for next year and confirm the external funds needed that you calculated in part (a).
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