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Company XYZ has sales of $699K, costs of $395K, depreciation expense of $46K, interest expense of $28K, and a tax rate of 35.00%. If the
Company XYZ has sales of $699K, costs of $395K, depreciation expense of $46K, interest expense of $28K, and a tax rate of 35.00%. If the firm paid $79K in cash dividends. What is the addition to retained earnings (RE)?
A. $98,500
B. $63,450
C. $116,500
D. $70,500
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