Question
1.Andre's Bakery has sales of $687,000 with cost of goods sold and operating expense of $492,000. Interest expense is $26,000 and depreciation is $42,000. The
1.Andre's Bakery has sales of $687,000 with cost of goods sold and operating expense of $492,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 35 percent. The firm has 100,000 shares of common stock outstanding and it paid out $20,000 in cash dividend.
a)What is the net income?
b)What is the addition to retained earnings?
c)What are the earnings per share(EPS)?
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Payroll Accounting
Authors: Bernard J. Bieg, Judith A. Toland
2013 edition
113396253X, 978-1133962533
