The following companies have different financial statistics. Turtle Co. Hare Corp.
Growth rate in sales and earnings 22% 4%
Cash as a percentage of total assets 5 20

Required:
a. What dividend policy would you recommend for Turtle Co.?
b. What dividend policy would you recommend for Hare Corp.?

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?