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Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales $2,420 Costs 1,560 Net income $ 860 Balance Sheet, Year-End 2014 2015
| Here are the abbreviated financial statements for Planners Peanuts: |
| Income Statement, 2015 | ||
| Sales | $2,420 | |
| Costs | 1,560 | |
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| Net income | $ 860 | |
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| Balance Sheet, Year-End | ||||||
| 2014 | 2015 | 2014 | 2015 | |||
| Assets | $2,690 | $4,070 | Debt | $1,010 | $1,770 | |
| Equity | 1,680 | 2,300 | ||||
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| Total | $2,690 | $4,070 | Total | $2,690 | $4,070 | |
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| If sales increase by 40% 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 40%). The balancing item, in this case, will be dividends. | |
| What will be the value of the dividends ? | |
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