Question: Explain the difference between direct and indirect finance? (illustrating Flows of Funds Through the Financial System -figure-) (25 points) 100 X Compuay Income Statements for

 Explain the difference between direct and indirect finance? (illustrating Flows of

Explain the difference between direct and indirect finance? (illustrating Flows of Funds Through the Financial System -figure-) (25 points) 100 X Compuay Income Statements for the Year Ending December 31 ( Millions of Dollars, Except for Por Share Data) 2011 2019 Net Sales 4000 4250 Operating Costs except depreciation and umetation 3750 3900 Depreciation and amortization 90 Total operating costs 3X50 1990 Operating income, or camnings before interest and tanes 150 200 Less interest sol 60 Famiges before anes JON 200 Taxes (254) 50 Net Income 25 150 Total Dividends 25 Additional to retained caring SO 29 Calculate Common Stock Price Eamings Per Share Dividend Pet Share Note X company has 30 million shares of common stocks outstanding Famnings Per Share is used on net income available to common stockholders Calculate Earnings Per Share and Dividend Per Share for 2018 and 2019 (25 points)

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