Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need formula as well Tax rate 21% Cash dividends $ 95,000 Complete the following analysis. Do not hard code values in your calculations. Income Statement

need formula as well image text in transcribed
image text in transcribed
Tax rate 21% Cash dividends $ 95,000 Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense EBIT Interest expense EBT Taxes (21%) Net income Addition to retained earnings Sheet1 ! MacBook Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. The firm just paid out $95,000 in cash dividends. What is the addition to retained earnings? Sales Costs Depreciation expense Interest expense $ 817,000 343,000 51,000 38,000 Tax rate 21% Cash dividends $ 95,000 Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense CRIT Sheet1 t(s) MacBook

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

The Complete Guide To Real Estate Finance For Investment Properties

Authors: Steve Berges

1st Edition

0471647128, 978-0471647126

More Books

Students also viewed these Finance questions

Question

1. Describe the factors that lead to productive conflict

Answered: 1 week ago