Multiple Choice
Whole Wheat Farms, Inc., has net income of $20,000 and a dividend payout ratio of 30%. The firm issued $12,000 worth of common stock during the period. The firm has no long-term debt. What is the financing cash flow for the period?
A) $2,500
B) $3,000
C) $6,000
D) $9,000
E) $25,000
Correct Answer:
Verified
Correct Answer:
Verified
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