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Problem 4 - 4 Table 3 . 1 presents R&E Supplies' financial statements for the period 2 0 1 8 through 2 0 2 1

Problem 4-4
Table 3.1 presents R&E Supplies' financial statements for the period 2018 through 2021, and Table 3.5 presents a pro forma financial forecast for 2022. Use the information in these tables to answer the following questions.
Calculate R&E's sustainable growth rate in each year from 2019 through 2022. Assume the dividend payout ratio was the same in 2019 to 21 as forecasted in 2022.
Note: Round each step and the final answers to 1 decimal place.
\table[[Year,Sustainable Growth Rate],[2019,,%
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