please answer all
2022 Part III. Balance Sheets 2021 Assets Cash $320,000.00 640,000.00 Receivables Inventories 1,280,000.00 Total current assets $2,240,000.00 2,560,000.00 Fixed assets Total assets $4,800,000.00 Liabilities and Equity $640,000.00 Accounts payable Accrued liabilities 320,000.00 Notes payable 95,000.00 Total current liabilities $1,055,000.00 Long-term debt 180,000.00 Total liabilities $1,235,000.00 Common stock 3,200,000.00 Retained earnings 365,000.00 Total common equity $3,565,000.00 $4,800,000.00 Total liabilities and equity Part V. Notes on Calculations Total liabilities Less: Payables and accruals Interest-bearing debt Allocated to notes payable Allocated to long-term bonds Interest expense Target equity-to-assets ratio Required total equity Retained earnings Required common stock b. Calculating the growth rate in sales at which the additional financing requirements will be exactly zero Profit margin 3.75% Dividend payout ratio 60% Formulas Addition to retained earnings2021 Growth rate in sales 2022 Part III. Balance Sheets 2021 Assets Cash $320,000.00 640,000.00 Receivables Inventories 1,280,000.00 Total current assets $2,240,000.00 2,560,000.00 Fixed assets Total assets $4,800,000.00 Liabilities and Equity $640,000.00 Accounts payable Accrued liabilities 320,000.00 Notes payable 95,000.00 Total current liabilities $1,055,000.00 Long-term debt 180,000.00 Total liabilities $1,235,000.00 Common stock 3,200,000.00 Retained earnings 365,000.00 Total common equity $3,565,000.00 $4,800,000.00 Total liabilities and equity Part V. Notes on Calculations Total liabilities Less: Payables and accruals Interest-bearing debt Allocated to notes payable Allocated to long-term bonds Interest expense Target equity-to-assets ratio Required total equity Retained earnings Required common stock b. Calculating the growth rate in sales at which the additional financing requirements will be exactly zero Profit margin 3.75% Dividend payout ratio 60% Formulas Addition to retained earnings2021 Growth rate in sales