Posted by **confused** on Saturday, January 7, 2012 at 11:41am.

For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:

Cost of goods sold............................... $1.2 million

Administrative expenses........................ $250,000

Marketing and selling expenses............... $175,000

Depreciation........................................ $500,000

Interest expense.................................. $200,000

Dividends paid..................................... $150,000

(TCO 1) Assuming a tax rate of 30%, the percentage of dividends per net income is approximately ______ and operating cash flow is _________ than net income.

Hint: You need to calculate the net income and divide dividends by the net income.

(Points : 3)

30% and lower

60% and lower

30% and higher

60% and higher

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