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Higgins, Inc., has sales of $528,200, costs of $301,100, depreciation expense of $43,500, interest expense of $21,600, a tax rate of 22 percent, and paid
| Higgins, Inc., has sales of $528,200, costs of $301,100, depreciation expense of $43,500, interest expense of $21,600, a tax rate of 22 percent, and paid out $29,400 in cash dividends. | |
| a. | What is the net income for the firm? (Do not round intermediate calculations.) |
| b. | What is the addition to retained earnings? (Do not round intermediate calculations.) |
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Dividend Growth Investing Machine
Authors: Andrew P.C.
1st Edition
1521728461, 978-1521728468
