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Q4 Problem Solving (10 marks) The following companies have different financial statistics. Turtle Co.Hare Corp. Growth rate in sales and earnings 9 % 17 %

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Q4 Problem Solving (10 marks) The following companies have different financial statistics. Turtle Co.Hare Corp. Growth rate in sales and earnings 9 % 17 % Cash as a percentage of total assets 25 % 4 % a. What dividend policies would you recommend for Turtle Co.? High payout ratio Low payout ratio Please interpret your answers. b. What dividend policies would you recommend for Hare Corp.? High payout ratio Low payout ratio Please interpret your answers

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