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Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): ncome Statement Sales $38804 Costs $22685 Balance Sheet Assets $54048 Debt
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): ncome Statement Sales $38804 Costs $22685 Balance Sheet Assets $54048 Debt $38755 Equity The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. How much dividends should be paid to reconcile the pro forma balance sheet? (Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)
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