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Richard Rutledge, a retired schoolteacher, holds a large number of stocks in the Bangor corporation The dividend payment from this stock make up a significant

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Richard Rutledge, a retired schoolteacher, holds a large number of stocks in the Bangor corporation The dividend payment from this stock make up a significant portion of Mr. Rutledge's income, so he was concerned when Bangor dropped its2017 dividend to \\$ 1.25 per share from \\( \\$ 1.75 \\) per share it had paid for the previous two years. Mr. Rutledge gathered the information below analysis to determine whether the financial condition of Bangor was indeed deteriorating. Bagnor corporation yearly balance sheet for the year: ending December31 Bagnor corporation yearly income statement for the year: ending December31

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