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Planetary Travel Co. has $139,000,000 in stockholders' equity. Common stock is $30,000,000 and the balance is retained earnings. The firm eamings a. What is the
Planetary Travel Co. has $139,000,000 in stockholders' equity. Common stock is $30,000,000 and the balance is retained earnings. The firm eamings a. What is the legal limit on current dividends? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).) Legal limit on current dividends b. What is the practical limit based on liquidity? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g. $1,234,000).) Practical limit on current dividends c. If the company pays out the amount in part b, what is the dividend payout ratio? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Payout ratio
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