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Donald's Inc. would like to declare dividends. Partial financial information for Donald's Inc. is below. Cash balance $ 52,000 Retained Earnings $ 20,000 Accounts Receivable
Donald's Inc. would like to declare dividends. Partial financial information for Donald's Inc. is below.
| Cash balance | $ | 52,000 |
| Retained Earnings | $ | 20,000 |
| Accounts Receivable | $ | 27,500 |
| Dividends receivable | $ | 19,200 |
| Shareholder's equity | $ | 109,000 |
What is the maximum stock dividend that Donald's Inc. can declare and pay given the above financial information?
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