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A company’s financial manager believes that sales in 2019 couldrise by as much as 20% or by as little as 10%. Prepare thepro-forma financial statements under the two assumptions andcalculate external financing required. Then, determine thesustainable growth rate.20182019 - 20% Growth2019 – 10% GrowthSales$6,500COGS$3,500SG&A$2,350Interest$130Tax$280Dividends$280Cash$100A/R$400Inventory$650PP&E$2,600A/P$500Long-term Debt$1,300Common Shares$100R/E??
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