Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2020, Alpha Company had $48,300,000 in Sales/Revenues, $15,900,000 in Costs of Goods Sold (COGS), $3,600,000 in Sales, General, and Administrative (SG&A) expenses, $5,200,000 in

image text in transcribed

In 2020, Alpha Company had $48,300,000 in Sales/Revenues, $15,900,000 in Costs of Goods Sold (COGS), $3,600,000 in Sales, General, and Administrative (SG&A) expenses, $5,200,000 in Depreciation expenses, $550,000 in interest payment, and $3,215,000 in taxes. The firm also paid $1,900,000 in dividends to shareholders that year. Given the facts above, what was the average tax rate of the firm in 2020? O 13.95% O 14.01% O 15.18% O 16.12% Question 11 2.5 pts Same facts as above: how much did Alpha Company's Retained Earnings increase in 2020? $19,835,000 O $14,250,000 $8,890,000 $17,935,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Promoting Microfinance Challenges And Innovations In Developing Countries And Countries In Transition

Authors: R. Manos , J. Gueyie, J. Yaron

1st Edition

1137034904, 1137034912, 9781137034908, 9781137034915

More Books

Students also viewed these Finance questions