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Breads R Us had sales of $50,000 last year. Their total costs were $18,000, and the depreciation charge was $3,000. They have 1,600 shares outstanding
Breads R Us had sales of $50,000 last year. Their total costs were $18,000, and the depreciation charge was $3,000. They have 1,600 shares outstanding and paid dividend of $2.80 per share after keeping 70 percent of the net income as retained earnings. If they paid 40 percent in taxes, how much was the interest expense? A. 1,911 B. 3,467 C. 5,511 D. 2,733 E. 5,133 F. 4,111 G. 4,667 H. 1,000
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