Question
Billys Exterminators, Inc., has sales of $655,000, costs of $304,000, depreciation expense of $56,000, interest expense of $38,000, a tax rate of 35 percent, and
Billys Exterminators, Inc., has sales of $655,000, costs of $304,000, depreciation expense of $56,000, interest expense of $38,000, a tax rate of 35 percent, and paid out $73,000 in cash dividends.
What is the addition to retained earnings?(Do not round intermediate calculations.)
Addition to retained earnings$
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Basic Finance An Introduction to Financial Institutions, Investments and Management
Authors: Herbert B. Mayo
11th Edition
1285425790, 1285425795, 9781305464988 , 978-1285425795
