1. Logitech has net income of $320,000. The firm pays out 35 percent of the net income to its shareholders as dividends. During the year, the company sold $78,000 worth of common stock. What is the cash flow to stockholders?
$34,000
$29,000
$41,000
$36,500
$26,000
2. A firm has sales of $756,000, net income of $60,500, net fixed assets of $402,000, and current assets of $157,000, of which $71,000 is inventory. What is the common-size statement value of inventory?
12.70%
11.50%
14.74%
13.44%
15.20%