Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.7 million. It wishes to analyze expected performance and financing needs for 2 years ahead. Given the following information, respond to parts a. and b. (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable;12.4% , Inventory;18.3% ; Accounts payable,14.4% ; Net profit margin,3.4% . (2) Marketable securities and other current liabilities are expected to remain unchanged. (3) A minimu