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Complete the pro forma statement of financial position below. The most recent financial statements for Hopington Tours Inc. follow. Sales for 2020 are projected to
Complete the pro forma statement of financial position below. The most recent financial statements for Hopington Tours Inc. follow. Sales for 2020 are projected to grow by 25% Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. Complete the pro forma statement of financial position below. Calculate the EFN for 25% growth rates
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