The following companies have different financial statistics.

	Turtle Co.				Hare Corp.
Growth rate in sales and earnings		22	%			4	%
Cash as a percentage of total assets		5				20

a. What dividend policy would you recommend for Turtle Co.?

multiple choice 1

• High payout ratio

• Low payout ratio

b. What dividend policy would you recommend for Hare Corp.?

multiple choice 2

• High payout ratio

• Low payout ratio