Use the information to answer the next 2 questions Madeolo Consult is considering an ambitious 50% expansion of its consulting market to include more corporate training assignments for the next financial year. The current year's sales figure stands at Ghe 550,000. Fixed assets for the current year is stated as Ghe 300,000 with current assets at Ghe 250,000. Current liabilities also stand at Ghe 200,000 and is made up of payables of Ghe 100,000, accruals of Ghe 50,000 and notes payables of Ghe 50,000 respectively. The firm has no long-term debt. 37) Assuming the firm does not intend to retain any of its profits for the next period, compute its additional financing need A) Ghe 625 B) Ghe 200 C) Ghe 825 Page 9 of 23 38) D) Ghe 526 E) Gh 652 If the firm, Madeolo Consult, were to retain 50% percent of its estimated 20% net profit on sales for the forecasted year, what would be the additional financing need? A) It would not need additional financing B) It would need additional financing of....... C) The data available is insufficient to compute D) It would have excess financing of.... E) 50% of growth in assets