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Hello, Can you confirm is my formula looks right? I'm getting $1231 You are given the following information for Mobility Research, Inc. (MRI). Sales$200,000Costs$105,000SG&A$20,000Interest$23,000Dividend paid$10,000Retained
Hello,
Can you confirm is my formula looks right? I'm getting $1231
You are given the following information for Mobility Research, Inc. (MRI).
Sales$200,000Costs$105,000SG&A$20,000Interest$23,000Dividend paid$10,000Retained Earnings Added$23,000Total Assets$85,000Equity$45,000Tax Rate35%
How much was the depreciation charge for MRI? (Hint: Prepare the income statement. You will have to work backwards to find the missing data.)
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