East Coast Yachts
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3. Calculate the sustainable growth rate of East Coast Yachts. Calculate external funds needed (EFN) and prepare pro forma income statements and balance sheets assuming growth at precisely this rate. Recalculate the ratios in the previous question. What do you observe?
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Solution Summary
The solution explains the calculation for sustainable growth rate and external funds needed for East Coast Yachts and explains how to prepare proforma income statement and balance sheet
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