Lube Oil, in Question 3, paid a dividend of $20 million and bought back $25 million in

Question:

Lube Oil, in Question 3, paid a of $20 million and bought back $25 million in stock. Estimate how much the cash balance of the firm changed during the year.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...