Here are the abbreviated financial statements for Planners Peanuts: Sales Costs Income Statement, 2015 $3,810...
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Here are the abbreviated financial statements for Planners Peanuts: Sales Costs Income Statement, 2015 $3,810 1,170 Net income $ 2,640 Assets 2014 $2,760 Balance Sheet, Year-End 2015 $4,560 Debt Equity 2014 $1,020 1,740 2015 $1,350 3,210 Total $2,760 $4,560 Total $2,760 $4,560 If sales increase by 35% 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 35%). 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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