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Billy's Entertainment, Inc., has sales of $708,000, COGS of $300,000, general and administrative expense of $80,000, depreciation expense of $50,000, interest expense of $35,000, and
Billy's Entertainment, Inc., has sales of $708,000, COGS of $300,000, general and administrative expense of $80,000, depreciation expense of $50,000, interest expense of $35,000, and a tax rate of 21%. a) what's the net income for this firm b) If the firm paid out $80,000 in cash dividends, what's the addition to retained earnings
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