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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 2008?

b. How rapidly did Norne actually grow in 2009?

c. What changes in Norne's financial condition from 2008 to 2009 can you trace to the difference between the actual and sustainable growth rates?

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Category:- Basic Finance
Reference No.:- M92044879

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