Question: a. Use the information to Prepare and analyze a proforma statement b. Use the information below from Tournament Sporting Goodss annual financial statements to calculate

a. Use the information to Prepare and analyze a proforma statement b. Use the information below from Tournament Sporting Goodss annual financial statements to calculate the actual and sustainable growth rate for each year from 2018 to 2021. c. Do you think Tournament Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for the company? TOURNAMENT SPORTING GOODS FINANCIAL DATA ($ thousands) 2017 2018 2019 2020 2021 Sales 491.62 706.52 792.01 876.52 1,088.46 Net income 43.27 26.31 38.48 44.84 25.76 Total assets 477.06 648.42 664.26 697.16 982.63 Equity 346.32 426.01 465.85 432.91 553.27 Dividends 0.00 0.00 0.80 1.65 2.22

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