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Folic Acid Inc. has $25 million in earnings, pays $3.50 million in interest to bondholders...

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Accounting

Folic Acid Inc. has $25 million in earnings, pays $3.50 million in interest to bondholders and $2.25 million in dividends to preferred shareholders. a. What are the common shareholders residual claims to earnings? (Enter the answer in millions. Round the final answer to 2 decimal places.) Residual claims to earnings $ million b. Do the common shareholders have legal, enforceable claims to dividends? multiple choice Yes No

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