80 130 Previous Years Sales 1100 Retained Earnings Costs 800 Dividends Tax rate 0.3 Assets Liabilities/Equity Current Assets Current Liabilities Cash 400 Creditors Debtors Short Term Notes Inventory Non-Current Non-Current Assets Liabilities PP&E 600 Debentures Total Assets 1000 Owners' Equity Retained Profits Ordinary Shares 500 1000 a) Given an expected increase in sales of 12%, what is the amount of external funding required? b) At this growth rate what is the addition to retained earnings? c) Calculate the Sustainable Growth Rate (SGR) d) At the SGR what external funding is required? e) What would be the growth rate at which no external financing would be required