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38-40 no excel The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense

image text in transcribed38-40 no excel
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The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Answer the following questions (Q38-Q52). What is the projected net income? Question 39 What is the projected dividend? (Hint: must round to the nearest dollar.) Question 40 What is the projected addition to retained earnings? (Round to the nearest dollar)

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