Which of the below is false? A young firm is likely to have a lower Dividend Payout Ratio than a more mature firm. A dividend payout ratio of 50% indicates that a firm is returning approximately 50% of the current market value of the stock to investors through a dividend. Investors interested in large upside potential on their investments tend to prefer to invest in common stock instead of preferred stock. Preferred stock is similar to debt in the sense that it has a fixed dividend rate, but preferred stock has no maturity date. Which of the following is TRUE for the year ended December 31, 2020? Road to Broad's cash increased $131,000 Road to Broad's Accounts Payable decreased over the year. Road to Broad spent less cash on buying property, plant, and equipment than it raised from selling property, plant, and equipment. Road to Broad bought back stock in 2020