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Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales Costs $2,790 920 Net income $ 1,870 Balance Sheet, Year-End Assets
Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales Costs $2,790 920 Net income $ 1,870 Balance Sheet, Year-End Assets 2014 $2,890 2015 2014 2015 $5,130 Debt $1,110 $1,920 Equity 1,780 3.210 Total $2,890 $5,130 Total $2,890 $5,130 If sales increase by 21% 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 21%). 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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