Phillips Rock and Mud is trying to determine the maximum amount of cash dividends it can pay this year. Assume its balance sheet is as follows: Assets Cash $ 354,000 Accounts receivable 864,000 Fixed assets 1,049,000 Total assets $ 2,267,000 Liabilities and Stockholders' Equity Accounts payable $ 475,000 Long term payable 312,000 Common stock (280,000 shares at $1 par) 280,000 Retained earnings 1,200,000 Total liabilities and stockholders' equity $ 2,267,000 a-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay

You receive a memo from the vice president of procurement responding to your query. he writes: “it will be very important to maintain product continuity. we have a large base of devoted customers. we want to make sure that the quality and key characteristics of island knight stay the same through this transition. talk to frank, our consulting professional perfumer, for more information about the cologne. seasonal variations in costs are the single most significant factor in our deciding to go with another supplier, so finding a way to limit that should be the top priority. the overall marginal costs and shipping costs are probably somewhat less significant. you may want to talk to cindy, the product manager for island knight, regarding pricing information about the product.” what is the best action to take next?