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(Cash dividends) Marshall Pottery Barn is a privately owned importer of Mexican pottery and garden supplies. The firm plans on paying a $1.50 per share

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(Cash dividends) Marshall Pottery Barn is a privately owned importer of Mexican pottery and garden supplies. The firm plans on paying a $1.50 per share dividend on each of its 5,000 shares of common stock. The firm's most recent balance sheet just before payment of the dividend looks like the following: Mini You've and you Ask the with fina $ 22,000 5,000 $ 27,000 33,000 140,000 $200,000 Cash $ 18,000 Accounts payable Accounts receivable 22,000 Notes payahle Inventories 30,000 Current liabilities Current assets $ 70,000 Long-term debt Fixed assets 130,000 Equity Total assets $200,000 Total a. What would happen to the firm's balance sheet after payment of the cash dividend? b. If the above balance sheet also represented market values (as well as book val- ues), how would it change following the payment of the cash dividend? from you Questi 30,000 for a pri its plans 2. W

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