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The following companies have different financial statistics. Growth rate in sales and earnings Cash as a percentage of total assets Turtle Co. 6% 25 Hare

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The following companies have different financial statistics. Growth rate in sales and earnings Cash as a percentage of total assets Turtle Co. 6% 25 Hare Corp 27% 5 a. What dividend policy would you recommend for Turtle Co.? High payout ratio Low payout ratio b. What dividend policy would you recommend for Hare Corp.? High payout ratio O Low payout ratio

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