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Consider the PDF attachment above containing the most recent financial statements for Hopington Tours Inc. Your manager has asked you to prepare proforma statements with
Consider the PDF attachment above containing the most recent financial statements for Hopington Tours Inc. Your manager has asked you to prepare proforma statements with the following assumptions: Sales for are projected to grow by Interest dollar expense will increase by $ The tax rate will remain constant, but the dividend payout rate will increase to 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 IMPORTANT: Do NOT use commas in your response. Round intermediate calculations to the closest dollar, and express your final answer with no decimals. eg:
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