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

## Answer this Question

## Related Questions

- BUSN - 3. For this question, use the information for Sports Baseballs, Inc. ...
- BUSN - 4. For this question, use the information for Sports Baseballs, Inc. ...
- Algebra - A sports memorabilia store makes $6 profit on each football it sells ...
- math - ted has 8 autographed baseballs. all together the baseballs are worth $...
- math - please help me !!! ted has 8 autographed baseballs. all together the ...
- Math - A box holds one layer of 45 baseballs. How can the baseballs be arranged?
- Math - A baseball manufacture checked 250 of its baseballs and found that 8 were...
- math - If jeff bought 2 basketballs and 3 baseballs for $10 and herman bought 3 ...
- statistics - The standard deviation of the diameter of 18 baseballs was 0.29cm. ...
- BUSN - "Select all items that will be included in Sports Baseballs, Inc. Balance...