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Folic Acid Inc. has $21 million in earnings, pays $3.10 million in interest to bondholders and $2.05 million in dividends to preferred shareholders. a. What
Folic Acid Inc. has $21 million in earnings, pays $3.10 million in interest to bondholders and $2.05 million in dividends to preferred shareholders. a. What are the common shareholders' residual claims to earnings? (Enter the answer in millions. Round the final answer to 2 decimal places.) Residual claims to earnings $ million b. Do the common shareholders' have legal, enforceable claims to dividends? O Yes
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