Planetary Travel Co. has $174,000,000 in stockholders' equity. Common stock is $50,000,000 and the balance is retained earnings. The firm has $275,000,000 in total assets and 6 percent of this value is in cash. Earnings for the year are $20,000,000 and are included in retained earnings. 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 based on liquidity < Prev 12 of 26 Next >