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You have been provided the following information for Papa Romano for the year end 01/31/2020. Net Income was $162,200 and the firm paid out 30
You have been provided the following information forPapa Romanofor the year end 01/31/2020. Net Income was $162,200 and the firm paid out 30 percent of the net income to its shareholders as dividends.The firms also paid $4,200 in interest to bondholders. Shareholder equity last year-end was $$3,000,000 and this year-end was $3,103,540.What is thecash flow to stockholders?(Hint:Do not forget Dividends and Retained Earnings)
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