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The most recent financial statements for Crosby, Incorporated, follow. Sales for 2022 are ...

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Accounting

The most recent financial statements for Crosby, Incorporated, follow. Sales for 2022 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.
CROSBY, INCORPORATED
What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not round
intermediate calculations and round your answer to the nearest whole number, e.g.,
32.)
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