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Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $27,000 Assets $10,600 Debt $4,900 Costs
| Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): |
| Income Statement | Balance Sheet | ||||
| Sales | $27,000 | Assets | $10,600 | Debt | $4,900 |
| Costs | 14,000 | Equity | 5,700 | ||
| Net income | $13,000 | Total | $10,600 | Total | $10,600 |
| Phillips has predicted a sales increase of 9 percent. It has predicted that every item on the balance sheet will increase by 9 percent as well. |
| Required: |
| Calculate the dividend paid |
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Financial Management For Nurse Managers Merging The Heart With The Dollar
Authors: Janne Dunham-Taylor, Joseph Z. Pinczuk
1st Edition
1284031039, 9781284031034
