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Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): ncome Statement Sales $37840 Cts $21439 Balance Sheet Assets $51303 Debt
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): ncome Statement Sales $37840 Cts $21439 Balance Sheet Assets $51303 Debt $37220 Equity The company has predicted a sales increase of 10 percent. It has predicted that every item on the balance sheet will increase by 10 percent as well. How much dividends should be paid to reconcile the pro forma balance sheet
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