Micheal Ray Richardson Co. (MRR) had 2020 net income of $54000. The firm paid out 20 percent of the net income to its shareholders as dividends. During 2020, MRR sold $21000 worth of common stock, but also repurchased $9000 worth of its shares. What was the cash flow to stockholders for 2020?
Micheal Ray Richardson Co. (MRR) had 2020 net income of $54000. The firm paid out 20 percent of the net income to its shareholders as dividends. During 2020, MRR sold $21000 worth of common stock, but also repurchased $9000 worth of its shares. What was the cash flow to stockholders for 2020?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Micheal Ray Richardson Co. (MRR) had 2020 net income of $54000. The firm paid out 20 percent of the net income to its shareholders as dividends. During 2020, MRR sold $21000 worth of common stock, but also repurchased $9000 worth of its shares. What was the cash flow to stockholders for 2020?
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