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  3. planetary travel co. has $148,000,000 in stockhold

Planetary Travel Co. has $148,000,000 in stockholders' equity. Common stock is...

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Accounting

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Planetary Travel Co. has $148,000,000 in stockholders' equity. Common stock is $40,000,000 and the balance is retained earnings. The firm has $285,000,000 in total assets and 7 percent of this value is in cash. Earnings for the year are $25,000,000 and are included in retained earnings a. What is the legal limit on current dividends? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).) Legal limit on current dividends b. What is the practical limit based on liquidity? (Do not round Intermediate calculations. Input your answer in dollars, not millions (e.g. $1,234,000).) Practical limit based on liquidity c. If the company pays out the amount in porto, what is the dividend payout ratio? (Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Payout ratio

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