Problem $4-27$ EFN and Internal Growth $[$LO$2,3]$

The most recent financial 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.

Complete the pro forma income statements below. $($Input all answers as positive

values. Do not round intermediate calculations and round your answers to the

nearest whole number, e$.$g$.,32.)$

Answer is complete but not entirely correct.

Calculate the EFN for $20,25$ and $30$ percent growth rates. $($Do not round intermediate

calculations and round your answers to the nearest whole number, e$.$g$.,32.$ A

negative answer should be indicated by a minus sign.$)$

Answer is complete but not entirely correct.