20. SXU, Inc. determines that sales will rise from $1,270,000 to $1,700,000 next year. Spontaneous assets are 80% of sales, and spontaneous liabilities are 40% of sales. BHS has a 4% profit margin, and the company plans to pay dividends of $62,500 next year. Using the percent of sales method, what is outside funds needed for SXU, Inc.? USE THE TABLE BELOW TO ANSWER QUESTIONS 21 TO 25 21. Assume that Froenz, Inc. had sales in 2021 of $72,000, a net profit margin of 4.8%, and a dividend payout ratio of 60%. If the company believes the net profit margin and dividend payout ratio will be the same in 2022 , and if all assets, accounts payable, and accruals are expected to increase as a percent of sales, what is Froenz, Inc.'s sustainable growth rate for 2022 ? Record your answer as a percent rounded to 1 decimal place, but do not include the percent sign in your answer on iCollege; for example, record g=.073854=7.3854% as 7.4 . 22. Assume that Froenz, Inc. had sales in 2021 of $126,000, a net profit margin of 2.5%, and a dividend payout ratio of 0%. If the company believes the net profit margin and dividend payout ratio will be the same in 2022 , and if all assets, accounts payable, and accruals are expected to increase as a percent of sales, what is Froenz, Inc.'s sustainable growth rate for 2022 ? Record your answer as a percent rounded to 1 decimal place, but do not include the percent sign in your answer on iCollege; for example, record g=.073854=7.3854% as 7.4 . 23. Assume that Froenz, Inc. had sales in 2021 of $624,000, a net profit margin of 4.0%, and a dividend payout ratio of 95%. If the company believes the net profit margin and dividend payout ratio will be the same in 2022 , and if all assets, accounts payable, and accruals are expected to increase as a percent of sales, what is Froenz, Inc.'s sustainable growth rate for 2022 ? Record your answer as a percent rounded to 1 decimal place, but do not include the percent sign in your answer on iCollege; for example, record g=.073854=7.3854% as 7.4 . 24. Assume that Froenz, Inc. had sales in 2021 of $31,000 and a net profit margin of 9.0%. If the company believes the net profit margin will be the same in 2022 , if all assets, accounts payable, and accruals are expected to increase as a percent of sales, and if the company plans to pay a dividend of $1,200 in 2022, what is Froenz, Inc. 's sustainable growth rate for 2022 ? Record your answer as a percent rounded to 1 decimal place, but do not include the percent sign in your answer on iCollege; for example, record g=.073854=7.3854% as 7.4 . 25. Assume that Froenz, Inc. had sales in 2021 of $50,000 and a net profit margin of 3.25%. If the company believes the net profit margin will be the same in 2022 , if all assets, accounts payable, and accruals are expected to increase as a percent of sales, and if the company plans to pay a dividend of $375 in 2022 , what is Froenz, Inc. 's sustainable growth rate for 2022 ? Record your answer as a percent rounded to 1 decimal place, but do not include the percent sign in your answer on iCollege; for example, record g=.073854=7.3854% as 7.4
