Dividend payout

Aug 2nd, 2016
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This file contains the solution to problem: consider the following simplified financial statements for the philips corporation

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Question1Equity = Total liabilities and equity DebtTotal liabilities and equity = 9,500 + 8% (9500) = 10,260.Debt = 4500 + 8% (4500) = 4,860.Equity = 10,260 4,860 = 5,400Increase in equity = 5,400 -5,000 = 400Net income = 5,600 + 8% (5600) = 6,048Net income is 6,048 but equity increas

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