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Papa Roach Exterminators, Inc., has sales of $674,000, costs of $325,000, depreciation expense of $50,000, interest expense of $24,000, and a tax rate of 40
Papa Roach Exterminators, Inc., has sales of $674,000, costs of $325,000, depreciation expense of $50,000, interest expense of $24,000, and a tax rate of 40 percent. If the firm paid out $77,000 in cash dividends. What is the addition to retained earnings?
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