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What is maximum cash dividend that donald inc can declare

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Reference no: EM132830600

Shareholder's Equity

Donald's Inc. would like to declare a cash dividend. Partial financial information for Donald's Inc. is below.

Cash balance..................$50,000

Retained Earnings............$52,000

Accounts Receivable.........$27,500

Dividends receivable.........$19,200

Shareholder's equity.........$109,800

Problem 1: What is the maximum cash dividend that Donald's Inc. can declare and pay given the above financial information?

a. $109,800

b. None of the other alternatives are correct

c. $50,000

d. $52,000

e. $148,200

Reference no: EM132830600

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