Question:

Consider the PDF attachment above containing the most recent financial statements for Hopington Tours Inc. Your manager has asked you to prepare proforma statements with the following assumptions: Sales for 2013 are projected to grow by 20%. Interest dollar expense will remain constant. The tax rate will remain constant, but the dividend payout rate will increase to 30% of net income. Costs, other expenses, current assets, and accounts payable are expected to vary directly with sales, but all other debt and equity do not vary with sales. Assume that the firm is operating its fixed assets at full capacity. Calculate the following [IMPORTANT: Do NOT use commas in your response. Express your final answer with no decimals. (e.g., 91234)]:

Projected EBIT = Projected Net Income = Projected addition (change) to Retained Earnings = Projected addition (change) to Total Assets =

HOPINGTON TOURS INC. Statement of Financial Position as of December 31,2012