QUESTION 2 As of 12/31/2017 the financial statements of the company Arnold inc. are presented as follows: Sales Cost of Goods Sold Other expenses Profit before tax Tax Status of the results 500,000 300,000 100,000 100,000 40,000 Net profit 60,000 Dividends paid 20,000 (7 POINTS) Cash Customer account Stock 15,000 Vendor account 20,000 30,000 Other short-term debts 25,000 40,000 Total current assets 85,000 Total current liabilities 45,000 Net fixed assets 215,000 Long-term debts 100,000 Ordinary share capital 50,000 Profits not distributed 105,000 Total assets 300,000 Total liabilities and equity 300,000 of shareholders Arnold executives forecast sales growth of 35% for 2018. Knowing that total assets, current liabilities, cost of goods sold and other expenses vary depending on sales, determine: a) The company's need for external financing for the year 2018. b) The maximum growth rate of assets that the company can envisage without having to issue new ordinary shares, while maintaining its current ratio at its current level debt and by not changing its dividend policy. (2 c) Represent the forecast financial statements of Arnold in. from 12/31/2018.