Question: Armitage Company s statement of cash flows reveals an increase in
Armitage Company’s statement of cash flows reveals an increase in cash of $ 21,100. Its financing net cash inflows were $ 50,000 while its investing net cash outflows were $ 75,000. Armitage’s preferred stock dividend is $ 10,000. Its weighted average common shares outstanding were 75,000. What is Armitage’s cash flow per share?
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