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The most recent financlal statements for Crosby, Incorporated, follow. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain
The most recent financlal 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 with sales. Assume the firm is operating at full capacity and the debtequity ratio is held constant. Calculations and round income statements below. (Do not round Intermeclate Complete the pro forma income statements below. (Do not round Intermedlate calculatlons and round your answers to the nearest whole number, e.g, 32.) Calculate the EFN for 20,30 , and 35 percent growth rates. (Do not round Intermedlate calculations and round your answers to the nearest whole number, e.g., 32.)
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