The balance sheet and income statement for Zebra Systems, Inc . is presented below. Zebra management has
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Question:
The balance sheet and income statement for Zebra Systems, Inc. is presented below. Zebra management has predicted a sales increase of 9.5 percent during 2023. Further, management predicted that every asset item on the balance sheet will increase by the same percentage as sales. Following the percentage of sales approach as discussed in class (and as used in the homework), calculate the dollar amount of dividends which must be paid during 2023 if management desires 1) to maintain the current funding mix and 2) does not want to build up excess cash.
Report your answer in dollars and cents.
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