Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): Income...
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Finance
Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): Income Statement Balance Sheet $4,500 6,200 $10,700 Sales $27,000 Assets $10,700 Debt Equity 13,400 $13,600 Total Costs Net income $10,700 Total Phillips has predicted a sales increase of 12 percent. It has predicted that every item on the balance sheet will increase by 12 percent as well. Required Calculate the dividend paid. (Do not round your intermediate calculations.) O $14,488 O $14,451 $22,948 O $14,458 O $14,466
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