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Which of the following statements is INCORRECT? A company cannot grow faster than its sustainable growth rate Abnormal earnings are calculated as net income adjusted

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Which of the following statements is INCORRECT? A company cannot grow faster than its sustainable growth rate Abnormal earnings are calculated as net income adjusted for a capital charge A company's sustainable growth cannot be higher than the economic growth rate In declining price situation, selecting LIFO for inventory valuation tends to increase asset turnover ratio

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