$(5\%+5\%+5\%+5\%)$ If the Hoffman Company anticipates a $12\%$ growth in the upcoming year, what are the required assets, addition to retained earnings, external financing needed, and Debt$-$Equity Ratio $($assumed no debt policy$)?$ Below are the income statement and balance sheet for the Hoffman Company. Consider the company's practice of distributing a consistent fraction of net income as a cash dividend, and the assumption that costs remain a constant percentage of sales.

Income Statement