Caswell Pharmaceutical has a shareholders' equity account as shown below. The firm's ordinary shares currently sell for
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Caswell Pharmaceutical has a shareholders' equity account as shown below. The firm's ordinary shares currently sell for $20 per share.
Preference shares $ 500,000
Ordinary shares (2,000,000 shares) $ 2,000,000
Retained earnings $11,600,000
Total shareholders' equity $14,100,000
What is the maximum dividend per share Caswell can pay?
Related Book For
Essentials Of Accounting For Governmental And Not-for-Profit Organizations
ISBN: 9781260570175
14th Edition
Authors: Paul Copley
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