Use the following income statement and balance sheets to answer the threequestions below the financial information: 2021 Sales COGS Selling and Admin $ 325,000 146,250 95,000 Depreciation 35,400 EBIT 48,350 Interest 22,000 EBT 26,350 Taxes 6,588 Net income $ 19,763 2020 2021 2020 2021 Cash Accounts receivable 11,100 12,200 Accounts payable 8000 8,800 15,000 16,500 Notes payable 11500 12,650 Inventory 25,000 27,000 Current liabilities $19,500 $21,450 Current assets $51,100 $55,700 Net Long-term debt 108,600 121,140 fixed assets assets 265,000 291,500 Total Owners' equity $316,100 $347,200 Total liabilities and owners' equity $188,000 204,610 $316,100 $347,200 1) Calculate the following ratios for 2021: Current ratio, quick ratio, asset turnover, inventory turnover, receivables turnover, return on assets, return on equity, profit margin, and equity multiplier. Additionally, use the Dupont identity to deconstruct ROE. 2) The Company expects sales to grow by 15% in 2022. Assets, costs, and accounts payable are proportional to sales. Depreciation, interest, long-term debt and notes payable will remain the same year over year and not increase at the 15% rate. The company maintains a constant 30 percent dividend payout ratio and pays taxes at a 25% rate. What is the external financing needed? Use the percentage of sales method. 3) Using the information from 2021, what is the Company's internal growth rate? Sustainable growth rate? If the Company wanted to grow faster than their internal growth rate but did not want to use external funding, what advice might you give them to increase their internal growth rate