Austin financial recently announced that its net income increased sharply from the previous year, yet its net cash provided from operations declined. which of the following could explain this performance?
a) the company’s dividend payment to common stockholders declined.
b) the company’s expenditures 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.

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.