The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. 
What are the dividends per common share for this company?
Definitions:
Duty Of Performance
An obligation in contract law requiring parties to complete their contractual obligations to a satisfactory standard.
Nonoccurrence
Refers to an event that was expected or scheduled to take place but did not actually occur.
Basic Assumption
An underlying, fundamental premise or belief that is accepted as true without proof.
Tender Can Be Made
Indicates that an offer or presentation of payment or performance in accordance with the terms of a contract is possible or has occurred.
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