Based on the content covered in Week 4 and Chapters 3 and 4 of the Ross, et al. (2022) text, students learned about financial statement analysis and long-term financial planning and growth. Students should address the following:

Review "Mini Case: Planning for Growth at S&S Air" in your textbook on page 129, also found at the end of Chapter 4 in your textbook. Then, answer the following questions:

1)Calculate the internal growth rate and sustainable growth rate for S&S Air. What do these numbers mean? How do you know? 2)S&S Air is planning for a growth rate of 12% next year. Calculate the EFN for the company assuming the company is operating at full capacity. Can the company's sales increase at this growth rate? Explain your reasoning.