Question
44:09 Nataro, Incorporated, has sales of $706,000, costs of $346,000, depreciation expense of $91,000, interest expense of $56,000, and a tax rate of 23
44:09 Nataro, Incorporated, has sales of $706,000, costs of $346,000, depreciation expense of $91,000, interest expense of $56,000, and a tax rate of 23 percent. The firm paid out $86,000 in cash dividends. What is the addition to retained earnings? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Addition to retained earnings
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Essentials of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
8th edition
78034752, 978-0078034756
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