Table 3.1 presents R&E Supplies' financial statements for the period 2018 through 2021, and Table...
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Table presents R&E Supplies' financial statements for the period through and Table presents a pro forma financial forecast for Use the information in these tables to answer the following questions.
Calculate R&Es sustainable growth rate in each year from through Assume the dividend payout ratio was the same in to as forecasted in
Note: Round each step and the final answers to decimal place.
tableYearSustainable Growth Rate,
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