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Dividend constraints A firm has $650,000 in pand in capital, retained earnings of 543,000 (including the current year's earnings), and 21,000 shares of common stock

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Dividend constraints A firm has $650,000 in pand in capital, retained earnings of 543,000 (including the current year's earnings), and 21,000 shares of common stock outstanding in the current year, it has $33,000 of earnings available for the common stockholders a. What is the most the firm can pay in cash dividends to each common stockholder? (Assume that legal capital includes paid in capital) b. What effect would a cash dividend of $0.70 por share have on the firm's balance sheet otros? c. If the firm cannot rise any now funds from external sources What do you consider the key constraint with respect to the magnitude of the firm's dividend payments? a fogal capital is assumed to include all pand in capital, the most the tim can pay in cash dividends to each common stockholderis s (Round to the nearest cent)

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