Question
At the end of its third year of operations, the Sandifer Manufacturing Co. had $ 4 comma 596 comma 000 $4,596,000 in revenues, $ 3
At the end of its third year of operations, the Sandifer Manufacturing Co. had $ 4 comma 596 comma 000 $4,596,000 in revenues, $ 3 comma 390 comma 000 $3,390,000 in cost of goods sold, $ 445 comma 000 $445,000 in operating expenses which included depreciation expense of $ 143 comma 000 $143,000, and a tax liability equal to 34 34 percent of the firm's taxable income. Sandifer Manufacturing Co. plans to reinvest $ 47 comma 000 $47,000 of its earnings back into the firm. What does this plan leave for the payment of a cash dividend to Sandifer's stockholders?
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