Ethel’s Ethylene Glycol Corp had a free cash flow of $400,000 in 2017. During 2017, Ethel purchased $100,000 of new equipment with cash and reported $700,000 of net cash provided by operating activities on its 2017 statement of cash flows. What was the amount of cash dividends received by Ethel’s shareholders in 2017?

Answer rating: 100% (QA)

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