$7.$ Chapter $2,3,4$: Use the following income statement and balance sheets to answer the three questions below the financial information:Chapter $2,3,4$: Use the following income statement and balance sheets to answer the three

questions below the financial information:

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.

The Company expects sales to grow by $15\%$ in $2022.$ Assets, costs, and current

liabilities 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.

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?