Question

Review the abbreviated financial statements for the last two years for the Norne Energy Corp. All values are expressed in billions of dollars.
a. What was Norne’s sustainable growth rate at the end of 2011?
b. How rapidly did Norne actually grow in 2012?
c. What changes in Norne’s financial condition from 2011 to 2012 can you trace to the difference between the actual and sustainable growth rates?


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  • CreatedMarch 26, 2015
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