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Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): Phillips has predicted a sales increase of 11 percent. It has

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Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): Phillips has predicted a sales increase of 11 percent. It has predicted that every item on the balance sheet will increase by 11 percent as well. Required: Calculate the dividend paid. (Do not round your intermediate colculetions.) Multiple Choice $11,227 $21055 $11,203 $11,205

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