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borteleto borteleto
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Posts: 2477
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5 years ago
Salashar, Inc.'s balance sheet is as follows:

Cash  $1,000,000Current Liabilities $1,300,000
Other Current Assets  $2,000,000Long-term Debt $4,100,000
Long-term Assets  $8,000,000Common Stock $5,000,000
Retained Earnings     $600,000
Total Assets$11,000,000Total Liab. And Equity$11,000,000

Salashar decides to pay a dividend. Which of the following statements is MOST correct?
A) The dividend cannot exceed $1,000,000, the amount of cash available.
B) The dividend cannot exceed $1,700,000, the amount of net working capital.
C) The dividend cannot exceed $600,000, the amount of retained earnings.
D) The dividend cannot exceed $11,000,000, the amount of total assets.
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Marc18Marc18
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5 years ago
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borteleto Author
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#2
5 years ago
My teacher is very rude and likes to speed his way through a lesson without letting the class ask questions. Thank you for helping me. You're a life saver Slight Smile
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