Hurricane Industries had a net income of $135,400 and paid 45 percent of this amount to...

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Hurricane Industries had a net income of $135,400 and paid 45 percent of this amount to...

Hurricane Industries had a net income of $135,400 and paid 45 percent of this amount to shareholders in dividends. During the year, the company sold $84,000 in new common stock. What was the company's cash flow to stockholders?

Multiple Choice

−$23,070
$60,930
$23,070
$51,400
−$60,930

business finance

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Answer 1

Answer #1

Cash flow to stockholders = Dividends paid - Net new equity raised

Dividends paid = $135,400 * 45% = $60,930

Cash flow to stockholders = $60,930 - $84,000

Cash flow to stockholders = - $23,070

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Answer 2

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Hurricane Industries had a net income of $135,400 and paid 45 percent of this amount to...

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