The most recent financial statements for Crosby, Inc., 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. $754,000 610,000 24,500 CROSBY, INC. 2017 Income Statement Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (21%) Net income $ 119,500 10,400 $ 109,100 22,911 $ 86,189 Dividends Addition to retained earnings $42.540 43,649 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,340 Accounts payable $ 57,800 Accounts receivable 33,670 Notes payable 14,900 Inventory 70,610 Total $ 72,700 Total $ 128,620 Long-term debt $102,000 Fixed assets Net plant and equipment Owners' equity Common stock band paid-in surplus Retained earnings $ 97,000 $ 211,000 67,920 Total $164.920 Total assets $339,620 Total liabilities and owners' equity $339,620 Prey 1 of 10 Next > AT 481 Syll....docx Pro Forma Income Statement 10% Sales Growth 15% Sales Growth 40% Sales Growth Sales Costs Other expenses EBIT Interest paid Taxable income Taxes (21%) Net Income Dividends Add to RE Calculate the EFN for 10, 15 and 40 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 dollar amount.) 10% 15% 40% EFN