Suppose You Buy 100 Shares of 3M at $86 a Share

question 32

Short Answer

Suppose you buy 100 shares of 3M at $86 a share and sell all shares one year later for $99 a share.During the year,you earned a dividend of $2.10 a share.What was your rate of return? Report your answer in percentages with one decimal point.

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Definitions:

Indirect Approach

A method used in cash flow statements where net income is adjusted for non-cash transactions and changes in working capital to calculate operational cash flow.

Investing Activities

Transactions involving the purchase or sale of long-term assets and other investments, part of a company's cash flow analysis.

Investing Activities

Financial activities related to the acquisition or sale of long-term assets and other investments that are not equivalent to cash.

Indirect Method

A cash flow statement preparation approach that adjusts net income for changes in non-cash accounts to compute cash flow from operating activities.