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Your firm suocessfully issued new debt last year, but the dedt carries covenants. Specifically, you can only pay dividends out of eartings mace after the

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Your firm suocessfully issued new debt last year, but the dedt carries covenants. Specifically, you can only pay dividends out of eartings mace after the debt issue and you must maintain a minimum quick (acis-lest) ratio (Curtent Assets - inventory/iCurent Labities of 1,1. Your net income this year was $70.1 millon. Your cash is $10.2 anilion, your receivables ave $8.4 million. and your inventary is $4.8 milion. You have current labilities of $16.5 milion. Vhat is the maximum dividend you could pay (in cash and in stock) this year and sts corrply with your covenants? The maximum dividend would be 3 mison. (Round to one decimal place.) The peimanent working captal needs of your company are 4 (Round to the nearest dollar.) The temporary needs for each guarter are: (Round to the nearest integer.)

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