Question
Higgins, Inc., has sales of $529,100, costs of $301,500, depreciation expense of $43,600, interest expense of $21,700, a tax rate of 23 percent, and paid
Higgins, Inc., has sales of $529,100, costs of $301,500, depreciation expense of $43,600, interest expense of $21,700, a tax rate of 23 percent, and paid out $29,600 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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Fixed Income Markets And Their Derivatives
Authors: Suresh Sundaresan
3rd Edition
0123850517, 978-0123704719
