King burger reported shareholder equity on march 31st, 2019 of $4,500,000 and on march 31st, 2020 of
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Question:
King burger reported shareholder equity on march 31st, 2019 of $4,500,000 and on march 31st, 2020 of $4, 655,310. additionally, net income for the yaer-ending march 31st, 2020 is $243, 300. the firm paid out 30 percent of the net income to its shareholders as dividends and aslo paid $6,300 in interest. what is the cash flow to shareholders? (hint; do not forget dividends and retained earnings)
a- $57,990
b- $155,310
c- $86,790
d- $72, 990
e- $87, 990
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