Question 9 (4 points) The following information is from the financial report of Kimberly-Clark Corporation, a pure equity firm. The numbers are reported in millions of dollars. Common shareholder's equity, December 31, 2018 Common dividends, pald December, 2019 issue of common shares on December 31, 2019 Common shareholder's equity, December 31, 2019 247 99 77 278 Kimberly-Clark had no share repurchases during 2019. Calculated Kimberly-Clark's free cash flow for 2019 $53 million $22 million $18 million $31 million Question 10 (4 points) Which of the following statement is True? For a firm with a normal trailing P/E ratio, expected future residual earnings must be greater than current residual earnings. O A firm cannot have a high trailing P/E ratio, and a low expected earnings growth rate in the future. A firm cannot have a high P/E ratio and a low P/B ratio. Transitory earnings (unusual items) are aspects of current earnings that have no bearing on future earnings