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Please show all working out for each section thanks Rump Industries Ltd financial statements for the financial year ended 30 June 2020, are given below.

Please show all working out for each section thanks

Rump Industries Ltd financial statements for the financial year ended 30 June 2020, are given below. The companys revenues are projected to grow at a rate of 25 per cent in the 2020-21 financial year, and all financial statement accounts will vary directly with sales.image text in transcribed

(a) Based on the projected revenue growth of 25 per cent, develop a pro forma balance sheet and an income statement for the 2020-21 financial year

(b) Assume now that equity accounts do not vary directly with sales but change when retained earnings change or new equity is issued. The company pays 75 per cent of its profit as dividends every year. In addition, the company plans to expand production capacity by acquiring additional equipment. This will cost the company $10 million. The company has no plans to issue new equity this year. Prepare a pro forma balance sheet using this information. Any funds that need to be raised (in addition to changes in current liabilities) will be in the form of long-term debt.

(c) Based on the information in part (b), calculate:

i. the External Financing Needed

ii. the Internal Growth Rate

iii. the Sustainable Growth Rate

$ 9041 679 4857 496 Assets Cash Accounts receivable Inventories Total current assets Net fixed assets Other assets Balance sheet Liabilities and shareholders' equity $ 3349 239 Accounts payable 5830 754 Notes payables 22 267 674 $ 31 447 667 Total current liabilities 43362 482 Long-term debt 1748 906 Ordinary shares Retained earnings $ 76559055 Total liabilities and equity S13899 175 29 731 406 19 987 500 12 940 974 $76 559 055 Total assets Income statement Revenues Costs EBITDA Depreciation EBIT Interest EBT Tax (30%) Profit $193 212 500 145265 625 $ 47946 875 23318750 $ 24628 125 11 935 869 $ 12 692 256 3 807 677 $ 8884579

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