Philips Rock and Mud is trying to determine the maximum amount of cash dividends it can pay this year. Assume its balance sheet is as follows: Assets Cash Accounts receivable Capital assets $333,000 856,000 1,081,000 Total assets $2,270,000 Liabilities and Shareholders' Equity Accounts payable Long-term notes payable Common stock (325,000 shares) Retained earnings $480,000 302,000 650,000 838,000 Total liabilities and shareholders' equity $2,270,000 a-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay? (Round the final answer to 2 decimal places.) Dividends per share $ a-2. Is this realistic? Yes No Please interpret your answers. b. In terms of cash availability, what is the maximum amount of dividends per share the firm could pay? (Round the final answer to 2 decimal places.) Dividends per share $ Please interpret your answers. c. Assume the firm earned a 20 percent return on shareholders' equity. If the board wishes to pay out 60 percent of earnings in the form of dividends, how much will dividends per share be? (Round the final answer to 2 decimal places.) Dividends per share $ Please interpret your answers