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Consider the most recent financial statements for Hopington Tours Inc. Your manager has asked you t o prepare proforma statements with the following assumptions: Sales
Consider the most recent financial statements for Hopington Tours Inc. Your manager has asked you prepare proforma statements with the following assumptions: Sales for are projected grow Interest dollar expense will increase $ The tax rate will remain constant, but the dividend payout rate will increase net income. Costs, other expenses, current assets, and accounts payable are expected vary directly with sales, but all other debt and equity not automatically vary with sales. Assume that the firm operating its fixed assets full capacity. Calculate the following. Projected EBIT. Projected Net Income. Projected addition Retained Earnings. Projected addition Total Assets.
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