Business, 26.08.2021 15:30 poohbaby7163
Ferris Corporation is considering their dividend policy for this year. They are projecting $6.75 million in profit. Given the proforma balance sheet below, what is the Ferris Corporation planning to pay in dividends this year?
Proforma Last Year ($M).
This Year ($M) Cash $12 $16 A/R 6 8 Inventory 7 9 Plant & Equip 22 22 Acc Deprec (10) (12) Total Assets 37 43 A/P 5 6 Current Debt 2 2 Long-Term Debt 11 11 Common Stock 7 9 Retained Earnings 12 15 Total Liab & Equity 37 43
a. $3.0 M
b. $2.0M
c. $3.75 M
d. $2.75 M
e. None of the above.
Answers: 1
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Ferris Corporation is considering their dividend policy for this year. They are projecting $6.75 mil...
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