Create a pro - forma balance sheet assume a growth rate of 12%, and that the tax rate and dividend payout remain constant. Costs, assets, and accounts payable vary with sales, but the others do not, and the company is operating at 100% capacity

Parti: What is the proforma value for retained earnings (from the balance sheet)? [ Select] Part ii: What is the external financing needed? [Select] Part iii: Based on the proforma values, calculate the internal growth rate. The internal growth rate is: [ Select] Part iv: This internal growth rate is the amount of growth the Hoffman Company can achieve: [ Select] Part v: Based on the proforma values, calculate the sustainable growth rate. The sustainable growth rate is: [Select] Part vi: This sustainable growth rate is the amount of growth the Hoffman Company can achieve: [Select Current Assets Cash A/R Inventory Total HOFFMAN COMPANY Balance sheet Current Liabilities 3,150.00 A/P 4,100.00 N/P 6,400.00 Total 13,650.00 Long Term Debt Owners' Equity 2,475.00 5,400.00 7,875.00 28,000.00 Fixed Assets Net P & E 41,300.00 Common R/E Total 15,000.00 4,075.00 19,075.00 TOTAL ASSETS 54,950.00 Total Liab & Equity 54,950.00 HOFFMAN COMPANY Income Statement Sales 46,000.00 Costs 37,600.00 Taxable income 8,400.00 Taxes 2,940.00 Net Income 5,460.00 Dividends 2,400.00 RE 3,060.00