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The Dimples Golf Ball, Co. has paid a regular dividend of exist0.20 quarterly for the last three years. The company has 2 million shares outstanding.
The Dimples Golf Ball, Co. has paid a regular dividend of exist0.20 quarterly for the last three years. The company has 2 million shares outstanding. Over the next year the company will have to spend exist800,000 to service its debt and spend exist200,000 in capital expenditures. The company has exist500,000 of cash and cash equivalents. Over the next year how much cash must be provided from operations to continue to the same quarterly dividend payment and still have exist500,000 in cash at the end of the year
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