1. If the Days-in-Inventory is 85 , the Days-Sales-in-Receivable is 45 , and the Average Payment Period is 35, what are the Operating Cycle and Cash Cycle? 2. If Buddy Shoppe, Inc. has a 5% ROA, a 12% ROE, and a 20% Payout ratio, what are the Internal Growth Rate and the Sustainable Growth Rate? 3. Fleury, Inc. is preparing pro-forma financial statements for 20X1. A junior analyst has begun the work. You are asked to complete the statements (see the income statement and balance sheet below). Sales are projected to grow at 21%. All expenses except interest expense is forecasted to remain a constant percent of sales based on 20X0 actuals. Interest expense is expected to grow 18% in 20Xl. Assets are also forecasted to remain as a constant percent of sales based on 20X0 actuals. Short-term notes payable and common stock will remain constant. Long-term debt is the plug variable. Complete the balance sheet below. What will the Total Debt Ratio be at the end of 20X1