4. The financial statement of Ruby & Company is as follows: Income Statement Sales Costs Taxable income Taxes 40% Net Income 26,400 17,300 9,100 3,640 5,460 Assets 65,000 Balance Sheet Debt Equity Total 27,400 37,600 65,000 Total 65,000 Assets and Costs are proportional to sales. Debt and Equity are not. A dividend of 3,200 was paid and the company wishes to maintain a constant pay out ratio (dividend). Next year's sales are projected to be 30,360. What is the external financing required? 2. In 2019 the following appears in the Income Statement of Gladiator & Company Sales - $117,500; Costs - $70,500; Other Expenses - $3,950; Depreciation - $8,650; Interest Expenses - $6,450; Taxes - $9,782; Dividend - $6,150. The company also issued some new equity (shares) $3,050 and paid off $2,250 of long-term debt. a) Find out Operating cash flow b) What is the net Income? c) What is the retained earnings? QI) The monthly demand for units manufactured by Vancouver manufacturing company is given as follow: Month Units January 100 February 80 March 110 April 115 May 105 June 110 July 125 August 120 a) Use the exponential smoothing method to forecast the number of units for February to September. The initial forecast for January was 105 units and alpha-0.2. b) Calculate the absolute percentage error for each month from February through August and the MAD and MAPE of forecast error as of the end of August. c) Calculate the tracking signal as of the end of August. Q2) Explain QFD with an example. 03)