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Company ABC has sales of $1,200,000, cost of goods sold of $750,000, EBIT of $450,000, interest expense of $65,000, and a tax rate of 33%.

Company ABC has sales of $1,200,000, cost of goods sold of $750,000, EBIT of $450,000, interest expense of $65,000, and a tax rate of 33%. If the company paid $58,000 in dividends what is the addition to retained earnings.

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