Construct the current balance sheet for the firm

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Problem - Larry Bruce, CFO of KLA Manufacturing Inc., has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 12 percent to $350 million. Current assets, fixed assets, and short-term debt are 20 percent, 75 percent, and 15 percent of sales, respectively. KLA pays out 25 percent of its net income in dividends. The company currently has $110 million of long-term debt and $45 million in common stock par value. The profit margin is 10 percent. Construct the current balance sheet for the firm using the projected sales figure.

Reference no: EM132875990

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