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Business, 15.11.2019 20:31 ErrorNameTaken505
The most recent financial statements for crosby, inc., follow. sales for 2018 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, inc.
2017 income statement
sales $ 980,760
costs 792,960
other expenses 20,060
earnings before interest and taxes $ 167,740
interest paid 14,740
taxable income $ 153,000
taxes (21%) 32,130
net income $ 120,870
dividends $ 39,250
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