The net effect of a stock repurchase issimilar to the payment of a stock dividendsimilar to a cash d

The net effect of a stock repurchase issimilar to the payment of a stock dividendsimilar to a cash dividendsimilar to a stock splitsimilar to a reverse stock splitThe portion of a firm’s current assets financed with long-term funds may be calledworking capitalaccounts receivablenet working capitalinventoryTony’s Beach T-Shirts has fixed annual operating costs of $75,000. Tony retails his T-shirts for $14.99 each and the variable cost per T-shirt is $4.99. Based on this information, the breakeven sales level in dollars is$125,495$112,425$108,995$110,990