Question
Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales= $67,000; costs= $49,200; addition to retained earnings = $3,500; dividends paid =$2,170;
Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales= $67,000; costs= $49,200; addition to retained earnings = $3,500; dividends paid =$2,170; interest expense= $1,980; tax rate = 40 percent.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
