education.com/ext/map/index.html?_con=con&external_browser BlaunchUrl=https%253A%252F%252Fims.mheducation.com%252Fmghmiddleware Tube Assignments modul... Prime Asia Tv Cana.... Help Sav The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 20%. 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. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (30%) Net income Dividends $33,360 Addition to retained earnings 63,940 $756,000 591,000 12,000 $153,000 14,000 $139,000 41,700 $ 97,300 HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities Assets Current assets Accounts receivable Inventory Total 42,000 88,200 $156,800 Notes payable Total Long-term debt Owners' equity Common stock and paid in surplus 18,300 $ 87,600 $ 139,000 Fixed assets $125.000 Activate Go to Setti Prey 1 of 32 Next > arch o Saved H Assets Current assets Cash Accounts receivable Inventory Total HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 26,600 Accounts payable 42,000 Notes payable 88,200 Total $156,800 Long-term debt Owners' equity Common stock and paid-in surplus $280,000 Retained earnings Total $436,800 Total liabilities and owners' equity $ 69,300 18,300 $ 87,600 $139,000 Fixed assets Net plant and equipment $125,000 85,200 $210, 200 $436,800 Total assets Complete the pro forma statement of comprehensive income below. (Input all amounts Is positive values. Omit S sign in ye response.) HOPINGTON TOURS INC. Pro Forma Statement of Comprehensive Income 20 X Sales Growth $ Sales $ other expenses EBIT Interest Taxable income 5 T2 Seved Help Save & ULVIU Add to RE Complete the pro forma statement of financial position below. Assets Current assets Cash Accounts receivable Inventory Total $ $ $ $ HOPINGTON TOURS INC. Pro Forma Statement of Financial Position Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $ Total $ Long-term debt Owners' equity Common stock and paid in surplus Retained earnings Total Total liabilities and owners' equity $ 5 Fixed assets Net plant and equipment 5 5 $ Total assets $ Calculate the EFN for 20% growth rates 201 EFN Activate Win Go to Set as Prov 1 of 32 !!! Next > education.com/ext/map/index.html?_con=con&external_browser BlaunchUrl=https%253A%252F%252Fims.mheducation.com%252Fmghmiddleware Tube Assignments modul... Prime Asia Tv Cana.... Help Sav The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 20%. 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. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (30%) Net income Dividends $33,360 Addition to retained earnings 63,940 $756,000 591,000 12,000 $153,000 14,000 $139,000 41,700 $ 97,300 HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities Assets Current assets Accounts receivable Inventory Total 42,000 88,200 $156,800 Notes payable Total Long-term debt Owners' equity Common stock and paid in surplus 18,300 $ 87,600 $ 139,000 Fixed assets $125.000 Activate Go to Setti Prey 1 of 32 Next > arch o Saved H Assets Current assets Cash Accounts receivable Inventory Total HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 26,600 Accounts payable 42,000 Notes payable 88,200 Total $156,800 Long-term debt Owners' equity Common stock and paid-in surplus $280,000 Retained earnings Total $436,800 Total liabilities and owners' equity $ 69,300 18,300 $ 87,600 $139,000 Fixed assets Net plant and equipment $125,000 85,200 $210, 200 $436,800 Total assets Complete the pro forma statement of comprehensive income below. (Input all amounts Is positive values. Omit S sign in ye response.) HOPINGTON TOURS INC. Pro Forma Statement of Comprehensive Income 20 X Sales Growth $ Sales $ other expenses EBIT Interest Taxable income 5 T2 Seved Help Save & ULVIU Add to RE Complete the pro forma statement of financial position below. Assets Current assets Cash Accounts receivable Inventory Total $ $ $ $ HOPINGTON TOURS INC. Pro Forma Statement of Financial Position Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $ Total $ Long-term debt Owners' equity Common stock and paid in surplus Retained earnings Total Total liabilities and owners' equity $ 5 Fixed assets Net plant and equipment 5 5 $ Total assets $ Calculate the EFN for 20% growth rates 201 EFN Activate Win Go to Set as Prov 1 of 32 !!! Next >
