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im not sure how to get the EFN on this one. please help J The most recent financial statements for Crosby, Incorporated, follow. Interest expense

im not sure how to get the EFN on this one. please help
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J 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 debt- equity ratio is held constant. 5.76 points CROSBY, INCORPORATED 2020 Income Statement Sales Costs Other expenses $ 765,000 621,000 30,000 Earnings before interest and taxes Interest paid $ 114,000 14,800 Taxable income Taxes (22%) Net Income $ 99,200 21,824 $ 77,376 Dividends $ 35,940 Addition to retained earnings 41,436 CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,440 Accounts payable Accounts receivable 34.880 Notes Davable $ 62,200 18.200 M Dividenas Addition to retained earnings $ 35,940 41,436 CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,440 Accounts payable Accounts receivable 34,880 Notes payable $ 62,200 18,200 Inventory 71,600 Total $ 80,400 Total $ 131,920 Long-term debt $ 113,000 Fixed assets Net plant and equipment $ 222.000 Owners' equity Common stock and paid-in surplus Retained earnings Total $ 108,000 52,520 $ 160,520 Total assets $ 353,920 Total liabilities and owners' equity $353,920 Complete the pro forma income statements below. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Complete the pro forma income statements below. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Answer is complete and correct. Sales Costs Other expenses EBIT Interest paid Taxable income Taxes (22%) Net income Dividends Add to RE Pro Forma Income Statement 15% Sales Growth 20% Sales Growth 45% Sales Growth $ 879,750 918,000 $ 1,109,250 714,150 745,200 900,450 34,500 36,000 43,500 131,100 $ 136,800 $ 165,300 14,800 14,800 14,800 $ 116,300 $ 122,000 $ 150,500 25,586 26,840 33,110 90,714 95,160 117,390 42,135 44,202 54,528 48,579 50,958 62,862 >>> Other expenses $ $ $ $ EBIT Interest paid Taxable income Taxes (22%) Net income Dividends Add to RE 34,500 131,100 14,800 116,300 25,586 90,714 42,135 48,579 36,000 136,800 14,800 122,000 26,840 95,160 44,202 50,958 43,500 165,300 14,800 150,500 33,110 117,390 54,528 62,862 $ $ $ $ Calculate the EFN for 15, 20 and 45 percent growth rates. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Answer is complete but not entirely correct. 15% (4.821) 20% 7,386 X $ EFN 45% 68,412

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