Here are the abbreviated financial statements for Planners Peanuts: Sales Costs Income Statement, 2015 $2,070...
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Finance
Here are the abbreviated financial statements for Planners Peanuts: Sales Costs Income Statement, 2015 $2,070 1,250 Net income $ 820 Assets 2014 $4.110 Balance Sheet, Year-End 2015 $5,000 Debt Equity 2014 $1,110 3,000 2015 $1,810 3,190 Total $4,110 $5,000 Total $4.110 $5,000 If sales increase by 27% in 2016, and the company uses a percentage-of-sales planning model (meaning that all items on the income and balance sheet also increase by 27%). The balancing item, in this case, will be dividends. What will be the value of the dividends (show your work for partial marks)
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