Q2 Today is December 31, 20X0. Firm T's statement of financial position (in THB) as of today is shown below. Current assets 100 Current liabilities 70 Net non-current 250 Non-current liabilities 90 assets Shareholders' equity 190 Total assets 350 Total liabilities and Shareholders' equity 350 In 20X1, T forecasted that retained earnings would increase by THB35. The firm's dividend payout ratio is constant at 30%. In addition, all assets and current liabilities are assumed to be spontaneous to sales, and the proportions of spontaneous accounts to sales are constant. Finally, other accounts with no additional information are assumed to remain the same. (a) What is the maximum growth rate of sales in 20X1 that can be achieved with no external financing of any kind? (2 points) (b) What is the maximum growth rate of sales in 20X1 that can be achieved with no external and non-spontaneous financing of any kind? (3 points) Q2 Today is December 31, 20X0. Firm T's statement of financial position (in THB) as of today is shown below. Current assets 100 Current liabilities 70 Net non-current 250 Non-current liabilities 90 assets Shareholders' equity 190 Total assets 350 Total liabilities and Shareholders' equity 350 In 20X1, T forecasted that retained earnings would increase by THB35. The firm's dividend payout ratio is constant at 30%. In addition, all assets and current liabilities are assumed to be spontaneous to sales, and the proportions of spontaneous accounts to sales are constant. Finally, other accounts with no additional information are assumed to remain the same. (a) What is the maximum growth rate of sales in 20X1 that can be achieved with no external financing of any kind? (2 points) (b) What is the maximum growth rate of sales in 20X1 that can be achieved with no external and non-spontaneous financing of any kind? (3 points)