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Need Help with these four questions. I. Calculate the company's 2022 current ratio, ROE, EPS, and DPS based on the expansion and financing as in

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Need Help with these four questions.

I. Calculate the company's 2022 current ratio, ROE, EPS, and DPS based on the expansion and financing as in part a. Current ratio =x Return on equity =% Earnings per share =$ Dividends per share =$ II. Because of an agreement with their lender, Garlington's current ratio cannot drop below 1.7 or it will violate a debt covenant. How much can the company increase its notes payable and still not violate its minimum current ratio? Increase in notes payable =$ \begin{tabular}{|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Sales } & \multirow{2}{*}{$3,600,0002021} & \multirow{2}{*}{ForecastBasis1.10Sales21} & \multirow[t]{2}{*}{ Additions } & \multicolumn{2}{|c|}{2022} \\ \hline & & & & $ & 3,960,000 \\ \hline Operating costs & 3,279,720 & 0.911 Sales 22 & & & 3,607,692 \\ \hline EBIT & 320,280 & & & & 352,308 \\ \hline Interest & 18,280 & 0.13 Debt 21 & & & 20,280 \\ \hline EBT & 302,000 & & & & 332,028 \\ \hline Taxes (40%) & 120,800 & & & & 132,811 \\ \hline Net income & $181,200 & & & $ & 199,216 \\ \hline Dividends: & $108,000 & Set by management & & $ & 112,000 \\ \hline Addition to RE: & $73,200 & & & $ & 87,217 \\ \hline \end{tabular} Garlington Technologies Inc. Pro Forma Balance Statement December 31, 2022 \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline & 2021 & Forecast Basis \% 2022 Sales & Additions & \multicolumn{2}{|c|}{2022} & AFN Effects & \multicolumn{2}{|c|}{ With AFN 2022} \\ \hline Cash & $180,000 & 0.05 & & $ & 198,000 & & & $198,000 \\ \hline Receivables & 360,000 & 0.10 & & & 396,000 & & & 396,000 \\ \hline Inventories & 720,000 & 0.20 & & & 792,000 & & & 792,000 \\ \hline Total current assets & 1,260,000 & & & & 1,386,000 & & & 1,386,000 \\ \hline Fixed assets & 1,440,000 & 0.40 & & & 1,584,000 & & & 1,584,000 \\ \hline Total assets & $2,700,000 & & & $ & 2,970,000 & & $ & 2,970,000 \\ \hline Accounts payable & $360,000 & 0.10 & & $ & 396,000 & & & $396,000 \\ \hline Notes payable & 156,000 & & & & 156,000 & +128,783 & & 284,783 \\ \hline Accruals & 180,000 & 0.05 & & & 198,000 & & & 198,000 \\ \hline Total current liabilities & 696,000 & & & & 750,000 & & & 878,783 \\ \hline Common stock & 1,800,000 & & & & 1,800,000 & & & 1,800,000 \\ \hline Retained earnings & 204,000 & & 87,217 & & 291,217 & & & 291,217 \\ \hline Total liab. and equity & $2,700,000 & & & $ & 2,841,217 & & $ & 2,970,000 \\ \hline \end{tabular} III. Assume that Garlington increases its notes payable to the maximum allowed under its current ratio restriction and issues stock (at the beginning of the year) to raise the remaining funds required. Calculate the company's ROE, EPS, and DPS. ROE=% EPS=$ DPS=$ IV. Recalculate Garlington's ROE, EPS, and DPS if a/l the additional financing was obtained through the sale of new common stock. ROE=EPS=$ DPS=$ \begin{tabular}{lc} & 2021 \\ \hline Current ratio & 1.81 \\ Return on equity & 9% \\ Earnings per share & $1.68 \\ Dividends per share & $1 \\ Number of common shares outstanding & 108,000 \\ Common share price & $18 \end{tabular}

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