Please do 19.2 and make sure its correct. Show the work and dont make it too long.

Self-Study Problems 19.1 The Starlight, Inc. financial statements for the fiscal year ended 19.2 Use the financial information for Starlight from Self-Study June 30. 2017, are presented below. The firm's sales are projected to Problem 19.1. Assume now that equity accounts do not vary directly grow at a rate of 20 percent next year, and all financial statement ac with sales but change when retained earnings change or new equity counts will vary directly with sales. Based on that projection, develop is issued. The company pays 45 percent of its income as dividends a pro forma balance sheet and income statement for the fiscal year every year. In addition, the company plans to expand production capacity by building a new facility that will cost $225,000. The firm has no plans to issue new equity this year and any funds that need to be raised will be raised through the sale of long-term debt. Prepare a ending June 30. 2018 Starlight, Inc., Balance Sheet as of June 30, 2017 Liabilities and Stockholders pro forma balance sheet using this information. Assets Cash Accounts 19.3 Use the financial statements from Self-Study Problem 19.1 and the information from Self-Study Problem 19.2 to calculate the com- pany's retention (plowback) ratio, external funds needed (EFN). in- S25.135 Accounts payable 67.855 36.454 43.758 Notes payable receivable ternal growth rate (IGR), and sustainable growth rate (SGR). Inventories167.112 Total current $236.005 Total current 194 Northwood Corp, has a dividend payout ratio of 60 percent, re S104.309 turn on equity of 14.5 percent, total assets of $11,500,450. and equity liabilities of $4,652,125. Calculate the firm's internal rate of growth (IGR) Net fixed 25,422Long-term debt 223125 19.5 Renewal Company has net income of S1.25 million and a dividend payout ratio of 35 percent. It currently has equity of assets Other assets 13,125Common stock 150,000 $2.875.223. What is the firm's sustainable growth rate (SGR)? Retained earnings 97.118 Total liabilities $574,552 $574,552 assets Starlight, Inc., Income Statement for the Fiscal Year Ended June 30, 2017 Net sales Costs EBITDA Depreciation EBIT Interest EBT Taxes (35%) Net income $1,450,000 637,500 175,000 S 462,500 89,575 S 372.925 130,524 s 242,401