21. You are CFO of a firm. With the 2018 financial statements, you provide the following forecast for year 2019: sales growth 25%, all income statement items will grow accordingly by the same rate, total asset will grow by the same rate but the firm has NO PLAN on additional debt financing. 1) in this forecast, which of the following financial ratios are assumed constant throughout the two years 2018 2019? Select all that apply 2) Is the 25% sales growth feasible without external equity financing? if not, find out EFN 3) When EFN is not met, firm will have to grow at a lower rate. Compute that growth rate firm can achieve in 2019 with ONLY internal money (that is, when EFN-O) 4) Fill in the projected 2019 numbers using the growth rate you predict from 3) Forbothnandal, assume the firm dividendpayoutrate is 20%-af 2012net ncome Hoffman LLC Financial Statements Income Statement Balance Sheet Projected 2019 2018 2019 End End projected 2018 End 2019 End projected 2018 $1,000 850 Assets $2,100 Debt $900 Equity 1.200 Taxable income Taxes (16.667%) Net income Equity $1,200 25 Total $2,100 Total $2,100 21-1 A. profit margin 8. total asset turnover C. accounts receivable turnover o, debt-equity ratio 1-2 A. EFN-143.75 B. EFN-175 C. EFN-400 D. EFN-368.75 21-3 A 6,23% B500% C. 1 1.63% D. 9.10% 21-4 NOT a multiple choice. Please fill the blank column of 2019