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Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent.
Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. The firm just paid out $95,000 in cash dividends. What is the addition to retained earnings? Sales Costs Depreciation expense Interest expense $ 817,000 343,000 51,000 38,000 Tax rate 21% Cash dividends $ 95,000 Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense EBIT Interest expense EBT Taxes (21%) Net income Addition to retained earnings
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