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The most recent financial statements for Crosby, Incorporated, follow. Sales for 2 0 2 2 are projected to grow by 2 0 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.
tabletableCROSBY INCORPORATED Income StatementSales$
What is the EFN if the firm wishes to keep its debtequity ratio constant? Do not round
intermediate calculations and round your answer to the nearest whole number, eg
EFN
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