Question
MECCS Inc. has net income of $1,673, interest expense of $172, sales of $7,290, addition to retained earnings of $596, selling and general expenses of
MECCS Inc. has net income of $1,673, interest expense of $172, sales of $7,290, addition to retained earnings of $596, selling and general expenses of $1,820, and depreciation of $990. What is the amount of dividends paid if the tax rate is 21 percent?
A. $1,607
B. $1,077
C. $1,377
D. $2,807
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Financial Analysis And Modeling Using Excel And VBA
Authors: Chandan Sengupta
2nd Edition
047027560X, 978-0470275603
