The following balance sheet and income statement should be used: [Question) Hilltop, Inc. 2009 Income Statement Net Sales Less: Cost of Goods Sold Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable income Less: Taxes Net Income Dividends Additions to retained earnings $38,900 31,400 2.600 4,900 1,800 $3,100 1,150 $1,950 $390 $1,560 Cash Accounts rec [Question]Hilltop, Inc. 2009 Balance Sheet $3,160 Accounts Payable 4,160 Long-term debt $8,120 21,200 HUP Cash Accounts rec Inventory Total Net fixed assets Total assets $3,160 Accounts Payable 4,160 Long-term debt 6.480 Common stock $13,800 Retained earnings 29.400 $43,200 Total liabilities & equity $8,120 21,200 7,500 6.380 $43,200 Hilltop, Inc. is currently operating at 75% of capacity. What is the required increase in fixed assets if sales are projected to increase by 30 percent? Multiple Choice $2.160