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The most recent financial statements for Hopington Tours Inc. follow. Sales for 2020 are projected to grow by 20%. Interest expense will remain constant; the
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2020 are projected to grow by 20%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, olher 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. 1 HOPINGTON TOURS INC. 2019 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and
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