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Complete the pro forma income statement The most recent financial statements for Crosby. Incorporated, follow. Interest expense will remain constant; the tax rate and the
Complete the pro forma income statement
The most recent financial statements for Crosby. Incorporated, follow. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Assume the firm is operating at full capacity and the debtequity ratio is held constant. Complete the pro forma income statements below. (Do not round Intermedlate calculations and round your answers to the nearest whole number, e.g., 32.)Step by Step Solution
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