(Solved): Need help with the "EFN" The most recent financlal statements for Crosby, Incorporated, follow. S ...

Need help with the "EFN"

The most recent financlal statements for Crosby, Incorporated, follow. Sales for 2021 are projected to grow by 20 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. In 2020, 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 remain 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.) In 2020 , 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 utllization may remain less than 100 percent next year as well. (Do not round Intermedlate calculatlons and round your answers to the nearest whole number, e.g., 32.) Answer is complete and correct. What is the EFN? (A negatlve answer should be indlcated by a minus slgn. Do not round Intermedlate calculatlons and round your answer to the nearest whole number, e.g. 32.) Answer is complete but not entirely correct.