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The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected...

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Finance

The most recent financial 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 remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. CROSBY, INCORPORATED 2021 Income Statement Sales $ 747,000 Costs 582,000 Other expenses 18,000 Earnings before interest and taxes $ 147,000 Interest e

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