Quiz – Austin Financial
Fundamentals of Financial Management, Concise
Brigham and Houston
09th Edition and 10th Edition
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…