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I need help with this question (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had
I need help with this question
(Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,541,000 in revenues, $3,392,000 in cost of goods sold, $449,000 in operating expenses which included depreciation expense of $154,000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufacturing Co. plans to reinvest $49,000 of its earnings back into the firm. What does this plan leave for the payment of a cash dividend to Sandifer's stockholdersStep by Step Solution
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