The most recent financial statements Student Help
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.
2015 Income Statement
Earnings before interest and taxes
Addition to retained earnings
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MOOSE TOURS, INC.
Balance Sheet as of December 31, 2015
Liabilities and Owners’ Equity
Net plant and equipment
Common stock and paid-in surplus
Total liabilities and owners’ equity
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Managerial FinanceFuture value of an ordinary annuity
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