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Consider the following simplified financial statements for YOLO Inc., *This is assuming there are no...

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Accounting

Consider the following simplified financial statements for YOLO Inc.,

*This is assuming there are no income taxes:

Income Statement Balance Sheet
Sales $28,000 Assets $10,500 Debt $4,700
Costs 13,400 Equity 5,800
Net income

$14,600

Total

$10,500

Total

$10,500

Phillips has predicted a sales increase of 8%.

It has predicted that every item on the balance sheet will increase by 8% also.

Calculate the dividend paid. (Do not round your intermediate calculations.)

Please choose one option from the provided bank below:

  • $15,281

  • $24,328

  • $15,285

  • $15,290

  • $15,304

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