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The most recent financial statements for Hopington Tours Inc, follow. Sales for 2018 are projected to grow by will remain constant, the tax rate and

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The most recent financial statements for Hopington Tours Inc, follow. Sales for 2018 are projected to grow by will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expens accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debto HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (40%) Net income Dividends $34,080 Addition to retained earnings 51,120 $755,000 590, eee 11, eee $154,000 12, eee $142, eee 56,800 $ 85,200 Assets Current assets Cash HOPINGTON TOURS IND Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 26,500 Accounts payable $

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