Complete the pro forma income statements below. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Sales Costs Other expenses EBIT Interest paid Taxable income Taxes (25%) Net income Dividends Add to RE EFN 15% 15% Sales Growth $ $ $ Pro Forma Income Statement $ $ 20% Sales Growth 888,950 723,350 39,100 126,500 18,000 108,500 $ 27,125 81,375 $ 36,725 $ 44,650 $ 20% $ 45% Sales Growth $ Calculate the EFN for 15, 20 and 45 percent growth rates. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) 45% 927,600 754,800 40,800 132,000 18,000 114,000 $ 28,500 85,500 $ 38,587 $ 46,913 $ 1,120,850 912,050 49,300 159,500 18,000 141,500 35,375 106,125 47,895 58,230

Complete the pro forma income statements below. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Calculate the EFN for 15,20 and 45 percent growth rates. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Liabilities and Owners' Equity \begin{tabular}{|c|c|c|c|} \hline \multirow{3}{*}{ Current assets } & \multirow{2}{*}{\multicolumn{3}{|c|}{ Current liabilities }} \\ \hline & & & \\ \hline & $26,240 & Accounts payable & $65,400 \\ \hline Accounts receivable & 35,760 & Notes payable & 20,600 \\ \hline Inventory & 72,320 & Total & $86,000 \\ \hline \multirow[t]{2}{*}{ Total } & $134,320 & Long-term debt & $121,000 \\ \hline & & Owners' equity & \\ \hline Fixed assets & & \begin{tabular}{l} Common stock and paid-in \\ surplus \end{tabular} & $116,000 \\ \hline \multirow[t]{2}{*}{ Net plant and equipment } & $230,000 & Retained earnings & 41,320 \\ \hline & & Total & $157,320 \\ \hline Total assets & $364,320 & Total liabilities and owners' equity & $364,320 \\ \hline \end{tabular}