During 20x5,Oates Company had sales of $250,000,net income of $25,000,average total assets of $350,000,dividend payments of $17,500,net cash flows from operating activities of $26,000,purchases of plant assets of $37,500,and sales of plant assets of $45,000.Cash flow yield equals (Round amounts to one decimal place)
A) 1.5 times.
B) 1.0 times.
C) 2.1 times.
D) 1.3 times.
Correct Answer:
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