Quiz – Austin Financial

Fundamentals of Financial Management, Concise

Brigham and Houston

09th Edition and 10th Edition

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Austin Financial had its net income increase sharply from the prior year, yet its net cash provided from operations declined. Which of the following could explain this?
a. The company’s dividend to common stockholders fell.
b. The company’s spending on fixed assets declined.
c. The company’s cost of goods sold increased.
d. The company’s depreciation expense declined.
e. The company’s interest expense increased.

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