Question
Suppose the items below are all the items on Zex Inc.'s balance sheet in millions of Canadian dollars. Cash = $5.00 Accounts payable =
Suppose the items below are all the items on Zex Inc.'s balance sheet in millions of Canadian dollars. Cash = $5.00 Accounts payable = $12.00 Other current liabilities = $65.00 Accounts receivable = $20.00 Inventory $50.00 = Net fixed assets = $175.00 Long-term debt = $40.00 a) Find the company's stockholders' equity b) In the last fiscal year, Zex Inc. paid out a cash dividend of $1.5 million, repurchased corporate shares for $2 million, and issued new shares of $2 million. What is the cash flow to (from) the shareholders in the last fiscal year?
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
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