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The most recent financial statements for Moose Tours, Inc, appear below Sales for 2016 are projected to grow by 20 percent. Interest expense will remain

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The most recent financial statements for Moose Tours, Inc, appear below Sales for 2016 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales MOOSE TOURS, INC. Sales Costs Other expenses $749,000 584,000 20,000 Earnings before interest and taxes Interest expense $145,000 16,000 Taxable income Taxes (30%) $129,000 38,700 Net income $ 90,300 Dividends Addition to retained earnings $18,060 72 240 MOOSE TOURS, INC Balance Shoet as of December 31. 2015 Assets Liabilities and Owners' Equity Current assets Current Eabilities Cash Accounts receivable 20,840 Accounts payable 33.160 Notes payable 5 55,000 14.200 S 69.200 $ 132.000 Net plant and equipmont $420,000 Common stock and paid-in surplus $ 118,000 70.120 -Total Total $ 124,120 Long-term deb Fued assets Owners equity 224 920 342 920 $544 120 Retained earnings Total Total assets 544.120 Total iabilities and owners equlty What is the EFN it the fim was operating at only 80 parcent of capacity in 2015? Assume that fixed assets are sold so that the company has a T by a minus sign. Da not round intermediate calculations and round your answer to the nearest whole number, 0.0.. 32) O Type

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