Multiple Choice
Hi-Performance Motors has net income of $62,408. The firm pays out 55 % of the net income to its shareholders as dividends. During the year, the company sold $125,000 worth of common stock. What is the cash flow to stockholders?
A) -$125,000.00
B) -$90,675.60
C) -$48,246.19
D) $22,309.11
E) $51,368.29
Correct Answer:
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