Sunshine Day Care Inc.'s balance sheet indicates that it has current assets of $40,000, Capital Assets net of depreciation of $150,000, current liabilities of $23,000, long-term liabilities of $54,000, paid-in capital of $60,000 worth of common shares and $53,000 in retained earnings. Assuming the book value is a reliable indicator of market value of the assets, 

How much is the maximum dividend that the shareholders can legally vote for themselves?

Answer rating: 100% (QA)

Stockholders equity equals common stock plus ... View the full answer