Renz Corporation's 2010 net cash flows from operating activities are $120,000. Its 2010 common and preferred dividends were $30,000 and $25,000, respectively. On January 1, 2010, Renz's total number of outstanding common shares was 40,000 shares. On March 1, 2010, it issued another 12,000 shares. What is Renz's 2010 cash flow per share?
A) $1.73
B) $1.83
C) $1.90
D) $2.31
E) $2.38

Question

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The Answer of Renz Corporation's 2010 net cash flows from operating activities are $120,000. Its 2010 common and preferred dividends were $30,000 and $25,000, respectively. On January 1, 2010, Renz's total number of outstanding common shares was 40,000 shares. On March 1, 2010, it issued another 12,000 shares. What is Renz's 2010 cash flow per share?
A) $1.73
B) $1.83
C) $1.90
D) $2.31
E) $2.38

Renz Corporation's 2010 Net Cash Flows from Operating Activities Are