Asset turnover = 1.40 Profit margin = 5% Payout ratio = 25% Equity/Assets = 0.60 We have the financial statements for Eagle Sports Supply. Now suppose: Eagles assets are proportional to its sales.

A- Question:

1-If it maintains a dividend payout ratio of 70% and plans a growth rate of 15% in 2013, what is the required external funds? 2-If Eagles does not issue new shares of stock, what variable must be the balancing item? What will its value be? Please I need answers for the questions above