I'm looking for help with these questions. Showing the calculations where applicable to find the answer.

1. The most recent financial statements for REM Co. are shown below.

Statement of Comprehensive Income

Sales$400

Costs$200

Taxes$50

Net income$150

Statement of Financial Position

Assets

$1200

Debt

$600

Equity

600

Total Assets

$1200

Total Liabilities &Equity

$1200

Assets and costs are proportional to sales. Debt is not. A dividend of $90 was paid, and REM wishes to maintain a constant dividend payout. Next year's sales are projected to be $480. What is the external financing needed (EFN)?

Select one:

a.$60

b.$132

c.$144

d.$168

e.$240

2.In estimating a pro forma statement of financial position, projected retained earnings are computed as current retained earnings plus

Select one:

a.projected retained earnings and cash dividends.

b.projected retained earnings plus assets.

c.projected net income minus cash dividends.

d.projected retained earnings plus debt.

e.projected net income earnings minus debt.

3.A firm has a fixed debt-to-equity ratio and dividend policy. Assets and net income are proportional to sales, and new equity will not be issued. Which of the following statements ismostcorrect?

Select one:

a.Almost any growth rate is theoretically possible.

b.The firm will go bankrupt.

c.The firm cannot grow.

d.The firm's growth rate must be less than some maximum.

e.Only one growth rate is possible.

4.A firm's planning model has assets and cash proportional to sales. The firm maintains a constant dividend payout ratio and a constant debt to equity ratio. The firm's sustainable growth is _________ when the ratio of total assets to sales is ________.

Select one:

a.higher; lower

b.higher; higher

c.lower; lower

d.constant; higher

e.constant; lower

5.A firm wishes to maintain a growth rate of 10% per year and a debt-to-equity ratio of 1/2. The dividend payout is 0.2, and the ratio of total assets to sales is constant at 1.2. What must the profit margin be?

Select one:

a.6.31%

b.8.00%

c.9.09%

d.10.00%

e.11.11%

6.A firm wishes to maintain a growth rate of 12% per year and a dividend payout of 10%. The ratio of total assets to sales is constant at 1.5, and profit margin is 10%. What must the debt-to-equity ratio be?

Select one:

a.0.21

b.0.52

c.0.67

d.0.79

e.0.84

7.If forecasted net income is $3,600, expected dividend is $1,098, and the tax rate is 34%, what is the retention ratio?

Select one:

a.0.305

b.0.695

c.0.198

d.0.802

e. 0.538