Question: Please provide visible solution sheet because sometimes half of it is visible. Thank you:) S The most recent financial statements for Hopington Tours Inc. follow.

Please provide visible solution sheet because sometimes half of it is visible. Thank you:)
Please provide visible solution sheet because sometimes half of it is visible.
Thank you:) S The most recent financial statements for Hopington Tours Inc.
follow. Sales for 2018 are projected to grow by 25% Interest expense
will remain constant, the tax rate and the dividend payout rate will

S The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 25% Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant Costs, other 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. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes $750,000 585,000 21,000 $144,000 17,000 $127,000 38,100 Interest paid Taxable income Taxes (30%) Net income $ 80,900 D Dividends Addition to retained earnings $20,320 68,580 HOPINOTON TOURS INC. Statement of Financial Position as of December 31, 2017 Assets Current assets Current liabilities Cash $ 26,000 $ 65,700 Accounts payable Notes payable Accounts receivable 17,700 41,400 37,000 Inventory Total $ 66,400 Total $155,000 Long-tere debt $135,000 Owners' equity Fixed assets Common stock and paid-in surplus $119,000 ciabilities and Owners' Equity Interest paid Taxable income Taxes (30%) Net income 17,000 $127,000 38,100 $ 88,900 Dividends $20,320 Addition to retained earnings 68,580 HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Assets Current assets Current liabilities Cash $ 26,000 Accounts receivable Accounts payable Notes payable $ 68,700 17,700 41,400 Inventory 87,600 Total $ 86,400 Total $155,000 Long-term debt $133,000. Owners' equity Fixed assets $119,000 Net plant and equipment Common stock and paid-in surplus Retained earnings $300,400 117,000 Total $236,000 Total assets $455,400 Total liabilities and owners' equity $455,400 Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) HOPINGTON TOURS INC. Pro Forma Statement of Comprehensive Income 25 % Sales rinoith 11 of 11 Next

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