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Delta Company has net revenue of $513,000 and cost of goods sold of $406,800. Depreciation expense is $43,800, interest paid is $11,200. The tax rate
Delta Company has net revenue of $513,000 and cost of goods sold of $406,800. Depreciation expense is $43,800, interest paid is $11,200. The tax rate is 20 percent. Dividends for the year are $4,500. What is the addition to Delta's retained earnings? Multiple Choice $36,460 $34,300 $28,120 $29,800
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