Curre MINI CASE To After Ed completed the ratio analysis for Tuxedo Air (see Chapter 3). Mark and Jack approached him about planning for next year's sales. The company had historically used little planning for investment needs. As a result, the company experienced some challenging times because of cash flow problems. The lack of planning resulted in missed sales, as well as periods where Mark and Jack were unable to draw salaries. To this end, they would like Ed to prepare a fi- nancial plan for the next year so the company can begin to address any outside investment requirements. The statements of comprehensive income and financial position are shown here: F 1. Calculate the internal growth rate and sustainau numbers mean? 2. Tuxedo Air is planning for a growth rate of 12% next year. Calculate the EFN for the company assuming the company is operating at full capacity. Can the company's sales increase at this growth rate? hoc For instance, cash can be Curre MINI CASE To After Ed completed the ratio analysis for Tuxedo Air (see Chapter 3). Mark and Jack approached him about planning for next year's sales. The company had historically used little planning for investment needs. As a result, the company experienced some challenging times because of cash flow problems. The lack of planning resulted in missed sales, as well as periods where Mark and Jack were unable to draw salaries. To this end, they would like Ed to prepare a fi- nancial plan for the next year so the company can begin to address any outside investment requirements. The statements of comprehensive income and financial position are shown here: F 1. Calculate the internal growth rate and sustainau numbers mean? 2. Tuxedo Air is planning for a growth rate of 12% next year. Calculate the EFN for the company assuming the company is operating at full capacity. Can the company's sales increase at this growth rate? hoc For instance, cash can be