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HOPINGTON TOURS INC. 2012 Statement of Comprehensive Income Sales $750,000 Costs 585,000 Other expenses 21,000 Eamings before interest and taxes $ 144,000 Interest paid 17,000

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HOPINGTON TOURS INC. 2012 Statement of Comprehensive Income Sales $750,000 Costs 585,000 Other expenses 21,000 Eamings before interest and taxes $ 144,000 Interest paid 17,000 Taxable income $ 127,000 Taxes (expression error)%) 38,100 Net income $ 88,900 Dividends Addition to retained earnings $ 20,320 68,580 HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2012 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 26,000 Accounts payable $ 68,700 Accounts receivable 41,400 Notes payable 17,700 Inventory 87,600 Total $ 86,400 Total Fixed assets Net plant and equipment $ 155,000 Long-term debt $ 133,000 Owners' equity Common stock and paid-in surplus $ 119,000 $ 300,400 Retained earnings 117,000 Total $ 236,000 Total assets $ 455,400 Total liabilities and owners' equity $ 455,400 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 2013 are projected to grow by 259. Interest dollar expense will remain constant. The tax rate will remain constant, but the dividend pavour rate will increase to 25% of net income Costs, other expenses, current assets, and accounts payable are expected to vary directly with sales, but other debt and equity do not 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 Express your final answer with no decimals (8.91234); Projected EBITES Projected Net Income $ Projected Addition to Retained Earnings Projected increase to Total Assets

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