Question
Ethels Ethylene Glycol Corp had a free cash flow of $400,000 in 2017. During 2017, Ethel purchased $100,000 of new equipment with cash and reported
Ethel’s Ethylene Glycol Corp had a free cash flow of $400,000 in 2017. During 2017, Ethel purchased $100,000 of new equipment with cash and reported $700,000 of net cash provided by operating activities on its 2017 statement of cash flows. What was the amount of cash dividends received by Ethel’s shareholders in 2017?
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
7th edition
1337909742, 1337910236, 978-1337909747
