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The most recent financlal statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense will remain constant;
The most recent financlal statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remaln constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. In 2021, the firm operated at 80 percent of capacity. Construct the pro forma Income statement and balance sheet for the company. Assume that the company cannot sell fixed assets. This Implies that asset utilization may remaln less than 100 percent next year as well. (Do not round Intermedlate calculations and round your answers to the nearest whole number, e.g., 32.) What is the EFN? (A negatlve answer should be Indicated by a minus sign. Do not round Intermedlate calculations and round your answer to the nearest whole number, e.g., 32.)
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