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Following are the links of two companies balance sheet and income statement: 1- Nishat Mills: https://nishatmillsltd.com/wp-content/uploads/2021/10/Nishat-Annual-Report-2021.pdf Given on Page 21. 2- Gul Ahmed Textile: https://gulahmed.com/wp/wp-content/uploads/2021/11/Annual_Report_2021_revised.pdf

Following are the links of two companies balance sheet and income statement: 1- Nishat Mills: https://nishatmillsltd.com/wp-content/uploads/2021/10/Nishat-Annual-Report-2021.pdf Given on Page 21. 2- Gul Ahmed Textile: https://gulahmed.com/wp/wp-content/uploads/2021/11/Annual_Report_2021_revised.pdf Page 59 and 63. Required: You need to calculate Sustainable growth rate = ROE x retention ratio of 2019,2020,2021 by taking a look at their balance sheet and income statement of these two companies and compare it between the two companies. After calculating, you need to give anaylsis on which was better etc. In simple words, just calculate current ration of three given years and compare between the two companies which is better. a simple analysis

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