hi i need help with all the questions. please let me know if i have to take seperate pictures

APN is financed with delitunds. How would these anos compare with the same ratios calculated for 2019 in Item A above? Chapter 9 Projecting INCOME 15.000 -13.000 Sales Operating expenses EBIT Interest EBT The Morte Net income Added retained earnings Cash and marketable securities S 1.000 Accounts receivable Inventories Totalcument assets PHARMA BIOTECH CORPORATION STATEMENT FOR DECEMBER 31, 2019 (THOUSANDS OF DOLLARS) Cash dividends payout) BALANCE SHEET AS OF DECEMBER 31, 2019 D. Prepare a projected statement of cash flows for Pharma Biotech for 2020. (Hint: For those who need help, follow the The following tasks or changes are best handled by setting up spreadsheet-based methods projecting financial statements A Prepare projected income statements, balance sheets, and statements of cash flows for Pharma Biotech for 2021 that build upon the projections for 2020 prepared in Part B above. What is the cumulative (2020 and 2021) amount of B Calculate the total s tabo and the equity multiplier ratio covered in Chapter 5) assuming the cumulative 360 2.000 -400 1.800 --640 980 - 384 576 (THOUSANDS OF DOLLARS) Accounts payable $ 1.600 2.000 Bank loan 1,800 2,200 Accrued liabilities 1,200 5.200 Total current liabilities 4,50 Long-term debt 2200 Common stock 2400 6,800 Retained earnings 2.800 $12,000 Total liabilities and equity $123 Part A Pherma Biotech is interested in developing an initial "big picture of the size of financing that might be nooded to sup- portit rapid growth objectives for 2020 and 2021. A. Calculate the following financial ratios las covered in Chapter 5) for Pharma Biotech for 2019: (a) net profit margin, (b) sales-to-total-assets ratio, (c) equity multiplier, and (d) total-debt-to-total-assets. Apply the return on assets and return on equity models. Discuss your observations. B.Estimate Pharma's sustainable sales growth rate based on its 2019 financial statements. (Hint: You need to estimate the beginning of period stockholders' equity based on the information provided.] What financial policy change might Pharma Biotech make to improve its sustainable growth rate? Show your calculations. C. Estimate the additional funds needed (AFN) for 2020, using the formula or equation method presented in the chapter D. Also, estimate the AFN using the equation method for Pharma Biotech for 2021. What will be the cumulative AFN for the two-year period? Part B Pharma Biotech is seeking your assistance in preparing its projected financial statements using the percent-of-sales method. Initial projected financial statements can be prepared by hand using a financial calculator or by constructing spreadsheet-based solutions A. Prepare a projected income statement for 2020 for Pharma Biotech before obtaining any additional financing. (Hint For those who need help follow the projected income statement shown in Table 9.1 for the Game Toy Company] B. Prepare a projected balance sheet for 2020 for Pharma Biotech before obtaining any additional financing(Hint: For C. Based on your projected balance sheet for Pharma Biotech for 2020, what is your estimate of the additional funds maeded Why does the AFN from your initial percent-of-sales projected financial statements differ from the AFN esti- Fixed assets.net Total assets mated using the formula method in Item Cabove? projected statement of cash flows shown in Table 9.3 for the GameToy Company.] Part C additional funds eded