Final answer:
To determine the per-share dividend Ashkenazi can pay, it is necessary to know the par value of its common stock. Legal capital is the value assigned to issued shares and cannot be used for dividend payments, and we lack the information needed to provide a specific dividend amount.
Step-by-step explanation:
To calculate the per-share dividend Ashkenazi can pay, we need to know the par value of its common stock, which is defined as the legal capital according to state laws. Without this information, we cannot determine the exact dividend amount.
Legal capital is typically the value assigned to a company's issued shares, which is represented by the par value of common stock, and this amount cannot be used for the payment of dividends. When a company wants to pay dividends, it can only use funds that exceed their legal capital. Retained earnings are usually a source for dividend payments. In this scenario with Ashkenazi, assuming that the state laws define legal capital as the par value of common stock, the amount available for dividends would be the total stockholders' equity minus the par value of all issued common stock. Unfortunately, we lack the necessary information to calculate this, such as the number of shares outstanding and their par value. In conclusion, to give an accurate dividend figure, specific details regarding the company's issued stock are needed.