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Papa Roach Exterminators, Inc., has sales of $719,000, costs of $235,000, depreciation expense of $41,000, interest expense of $30,000, and a tax rate of 35
Papa Roach Exterminators, Inc., has sales of $719,000, costs of $235,000, depreciation expense of $41,000, interest expense of $30,000, and a tax rate of 35 percent. If the firm paid out $72,000 in cash dividends. What is the addition to retained earnings? Multiple Choice $237,450 $226,450 $176,805 $196,450 $267,450
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