Question: Tim Hortons paid $0.68 in dividends for each common share outstanding during 2011. Use the total Dividend payments to common shareholders figure from the firms

Tim Hortons paid $0.68 in dividends for each common share outstanding during 2011. Use the total “Dividend payments to common shareholders” figure from the firm’s cash flow statement to determine how many shares (approximately) the company had outstanding in 2011. Compare this number to your answer from Practice Problem 42.

Dividend payments to common shareholders ......110.187

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