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Baldwin Corporation is considering their dividend policy for this year. They had $5.475mil in profit for the year. Given the balance sheets below, what is

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Baldwin Corporation is considering their dividend policy for this year. They had $5.475mil in profit for the year. Given the balance sheets below, what is Baldwin Corporation paying in dividends this year? Proforma Last Year ($M) This Year ($M) Cash $12 $16 A/R A Inventory Plant & Equip $22 $22 Acc Deprec ($8) ($10) Total Assets $39 $45 A/P Current Debt Long-Term Debt $11 Common Stock Retained Earnings $14 $17 Total Liab & Equity $39 $45

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