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The most recent financial statements for Crosby, Incorporated, follow. Sales for 2 0 2 4 are projected to grow by 2 5 percent. Interest expense
The most recent financial statements for Crosby, Incorporated, follow. Sales for are projected to grow by
percent. 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.
If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support
the percent growth rate in sales?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, eg
EFN
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