Hi Tutors,

Any chance you can help with these 3 questions? Thanks

Use the following information for Motion Research, Inc. (MRI) for this and the following two questions.

Sales$200,000Costs$105,000SG&A$20,000Depreciation$16,000Dividend paid$6,000Retained Earnings Added$18,000Total Assets$85,000Equity$45,000Tax Rate35%

1)How much was the interest charge for MRI?

2)If the profit margin, total asset turnover, and dividend payout ratios for MRI remain unchanged, what is the internal growth rate it can achieve during the following year?

3)If MRI sales grow at theinternalgrowth rate during the following year, what will be the Total Debt Ratio at the end of the year?