PrinceGee Photography wants to expand its business in the next operating year and wants to determine is is expected to increase the sales revenue by 12% in the next year. Besides the spontaneous liabilities and Page 2 of 4 CS CamScan Dec 2022 BAC 331 MW SBS MU assets, Variable cost of sales makes up 85% of the cost of sales. Administration costs will increase by 5% due to new appointments. Required: i. What is the Retention Ratio (2 Marks) ii. Using the Proforma method determine the AFN for PrinceGee Photography (10 Marks) iii. Calculate the Gearing Ratios for PrinceGec (4 Marks) a. Calculate the ROE and ROA (5 Marks) b. Calculate the Interest Cover Ratio(2 Marks) c. Calculate the Earnings Per Share(2 Marks) iv. How would you advise the AFN to be financed, in your explanation give the pros and cons for each financing source