2021 Sales 450,437 COGS 258,493 Selling and Admin 99,406 Depreciation 35,400 EBIT 57,138 Interest 22,000 EBT 35,138 Taxes 8,785 Net income 26,354 2020 2021 2020 2021 Cash 10,615 11,402 Accounts payable 7633 8,455 Accounts receivable 15,137 16,815 Notes payable 11489 13,123 Inventory 10,993 18,134 Current liabilities $19,122 $21,578 Current assets $36,745 $46,351 Long-term debt 108,600 121,140 Net fixed assets 274,471 323,808 Owners' equity $183,494 227,441 Total assets $311,216 $370,159 Total liabilities and owners' equity $311,216 $370,159 1) Calculate the following ratios for 2021: Current ratio, quick ratio, asset turnover, inventory turnover, receivables turnover, return on assets, return on equity, profit margin, and equity multiplier. Additionally, use the Dupont identity to deconstruct ROE. 2) The Company expects sales to grow by 15% in 2022. Assets, costs, and accounts payable are proportional to sales. Depreciation, interest, long-term debt and notes payable will remain the same year over year and not increase at the 15% rate. The company maintains a constant 30 percent dividend payout ratio and pays taxes at a 25% rate. What is the external financing needed? Use the percentage of sales method. 3) Using the information from 2022, what is the Company's internal growth rate? Sustainable growth rate? If the Company wanted to grow faster than their internal growth rate but did not want to use external funding, what advice might you give them to increase their internal growth rate