The most recent financial statements for Crosby, Incorporated, appear below. 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. Assume the firm is operating at full capacity and the debtequity ratio is held constant.

CROSBY, INCORPORATED

Income Statement

Sales $

Costs

Other expenses

Earnings before interest and taxes $

Interest expense

Taxable income $

Taxes

Net income $

Dividends $

Addition to retained earnings

CROSBY, INCORPORATED

Balance Sheet as of December

Assets Liabilities and Owners Equity

Current assets Current liabilities

Cash $ Accounts payable $

Accounts receivable Notes payable

Inventory Total $

Total $ Longterm debt $

Owners equity

Fixed assets Common stock and paidin surplus $

Net plant and equipment $ Retained earnings

Total $

Total assets $ Total liabilities and owners equity $

Complete the pro forma income statements below. Do not round intermediate calculations and round your answers to the nearest whole number, eg

Calculate the EFN for and 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, eg