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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
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 wth sales. Assume the firm is operating at full capacity and the debtequity ratio is held constant.
CROSBY INCORPORATED
income Statement
CROSEY INCORPORATED
Balance Sneet as of December
Current assets
Cach
Accounts recelvable
Inventory
Tota:
Fixed assets
Net plant and equipment $
Total assets
Labiltiss end Owners Equty
Current llabilites
Accounts payable
Notes payable
Total
Longterm cebt
Ouners equity
Common stock and paid in
surplus
Retalned eamings
Total
Total llablities and owner: equity
Complete the pro forma income statements below. Do not nound intermediate calculations and round your answers to the nearest whole number, e
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