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Question

Betsy Ross owns 921 shares in the Hanson Fabrics Company. There are 16 directors to be elected, and 32,500 shares

outstanding. The firm has adopted cumulative voting. 

a. How many total votes can be cast? (Do not round intermediate calculations and round your answer to the nearest whole number.) 

b. How many votes does Betsy control? (Do not round intermediate calculations and round your answer to the nearest whole number.)

c. What percentage of the total votes does she control? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

 
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