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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 to prepare proforma statements with the following assumptions: Sales for 2024 are projected to grow by28%. Interest dollar expense will increase by $10,800. The tax rate will remain constant, but the dividend payout rate will increase to25%of net income. Costs, other expenses, current assets, and accounts payable are expected to vary directly with sales, but all other debt and equity do not automatically vary with sales. Assume that the firm is operating its fixed assets at full capacity. Calculate the following. 1. Projected EBIT. 2. Projected Net Income. 3. Projected addition (change)to Retained Earnings. 4. Projected addition (change)to Total Assets.
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